ENVIRI (NVRI) executive settles 64,180 performance share units with tax withholding
Rhea-AI Filing Summary
ENVIRI Corp President-Harsco Environmental Christophe Reitemeier reported compensation-related share movements tied to performance share units (PSUs). On 2026-05-19, he exercised PSU awards into a total of 64,180 shares of common stock, as part of vesting and settlement approved by Enviri's board in connection with the sale of its Clean Earth division.
To cover tax obligations, 20,042 of these shares were disposed of through tax-withholding transactions, including 11,132 shares at $19.18 per share. The PSUs vested at 200% of their target level based on Enviri's total shareholder return versus the S&P 600 Industrials Index, with the remaining portion of the awards settling in cash under the award terms. Following these transactions, Reitemeier directly holds 47,994 shares of Enviri common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 47,368 | $0.00 | -- |
| Exercise | Performance Share Units | 16,812 | $0.00 | -- |
| Exercise | Common Stock | 23,684 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,132 | $19.18 | $214K |
| Exercise | Common Stock | 16,812 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,910 | $0.00 | -- |
Footnotes (1)
- Represents shares issued upon vesting and settlement of performance share unit awards, as approved on May 18, 2026 by the Enviri Board of Directors in connection with Enviri's sale of its Clean Earth division, which portion of the performance share unit awards settled in stock in accordance with the award's terms. Each performance share unit vested at 200% of the target number of performance share units reported on the reporting person's Form 4 filed March 6, 2025, based on the total shareholder return of Enviri common stock relative to the S&P 600 Industrials Index. The remining portion of the performance share units will settle in cash in accordance with the award's terms. . Each performance share unit vested at 200% of the target number of performance share units reported on the reporting person's Form 4 filed March 6, 2025, based on resolutions passed by the Enviri Board of Directors.