Enviri (NYSE: NVRI) CEO granted RSUs, PRSUs and SAR awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hochman Russell C. reported acquisition or exercise transactions in this Form 4 filing.
Enviri Corp President and CEO Russell C. Hochman reported equity compensation awards rather than open‑market trades. On June 15, 2026, he received 144,231 restricted stock units, each convertible into one Enviri common share as they vest in three annual installments. He also received a target grant of 144,231 Performance Restricted Stock Units, which can ultimately settle between 0% and 250% of target based on share‑price performance from June 1, 2026 through June 30, 2029. Multiple tranches of fully vested Stock Appreciation Rights were granted to replace similar rights cancelled in connection with a spin‑off reorganization. Following these grants, Hochman directly holds 288,741 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Hochman Russell C.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Unit | 144,231 | $0.00 | -- |
| Grant/Award | Stock Appreciation Rights | 6,616 | $0.00 | -- |
| Grant/Award | Stock Appreciation Rights | 5,700 | $0.00 | -- |
| Grant/Award | Stock Appreciation Rights | 21,361 | $0.00 | -- |
| Grant/Award | Stock Appreciation Rights | 20,774 | $0.00 | -- |
| Grant/Award | Stock Appreciation Rights | 6,456 | $0.00 | -- |
| Grant/Award | Stock Appreciation Rights | 9,680 | $0.00 | -- |
| Grant/Award | Stock Appreciation Rights | 20,175 | $0.00 | -- |
| Grant/Award | Stock Appreciation Rights | 19,166 | $0.00 | -- |
| Grant/Award | Stock Appreciation Rights | 26,519 | $0.00 | -- |
| Grant/Award | Common Stock | 144,231 | $0.00 | -- |
Holdings After Transaction:
Performance Restricted Stock Unit — 144,231 shares (Direct, null);
Stock Appreciation Rights — 6,616 shares (Direct, null);
Common Stock — 288,741 shares (Direct, null)
Footnotes (1)
- Restricted stock units granted under the Issuer's 2026 Omnibus Incentive Plan represent a contingent right to receive the Issuer's common stock on a one-for-one basis when the restricted stock units vest. Each reported restricted stock unit vests in three equal increments on each subsequent anniversary of the grant date. Represents the target number of Performance Restricted Stock Units granted under the Issuer's 2026 Omnibus Incentive Plan, each of which represents the contingent right to receive a variable amount of shares of the Issuer's common stock based on the level of achievement of share-price performance targets over the period of June 1, 2026, through June 30, 2029 (the "Performance Period"). The Performance Restricted Stock Units vest between 0% and 250% of target, measured as of the earlier of the final financial quarter of the Performance Period or during a measurement period ending no fewer than three days prior to a Change in Control of the Issuer. Represents Stock Appreciation Rights ("SARs") granted under the Issuer's 2026 Omnibus Incentive Plan to replace similar stock appreciation rights held by the reporting period prior to, and canceled in connection with, a reorganization occurring immediately before the spin-off of the Issuer from its predecessor. The SARs are fully vested as of the date hereof.
Key Figures
RSUs granted: 144,231 units
Common shares held: 288,741 shares
Performance RSUs target: 144,231 units
+3 more
6 metrics
RSUs granted
144,231 units
Restricted stock units granted June 15, 2026
Common shares held
288,741 shares
Direct Enviri common stock after grants
Performance RSUs target
144,231 units
Target Performance Restricted Stock Units granted
Performance RSU vesting range
0%–250% of target
Based on share‑price performance over June 1, 2026–June 30, 2029
SAR tranche
26,519 SARs at $4.57
Stock Appreciation Rights replacing prior awards
SAR tranche
19,166 SARs at $6.21
Stock Appreciation Rights replacing prior awards
Key Terms
Restricted stock units, Performance Restricted Stock Units, Stock Appreciation Rights ("SARs"), 2026 Omnibus Incentive Plan, +1 more
5 terms
Restricted stock units financial
"Restricted stock units granted under the Issuer's 2026 Omnibus Incentive Plan represent a contingent right to receive the Issuer's common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Restricted Stock Units financial
"Represents the target number of Performance Restricted Stock Units granted under the Issuer's 2026 Omnibus Incentive Plan"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
Stock Appreciation Rights ("SARs") financial
"Represents Stock Appreciation Rights ("SARs") granted under the Issuer's 2026 Omnibus Incentive Plan to replace similar stock appreciation rights"
2026 Omnibus Incentive Plan financial
"granted under the Issuer's 2026 Omnibus Incentive Plan to replace similar stock appreciation rights"
Change in Control financial
"measured as of the earlier of the final financial quarter of the Performance Period or during a measurement period ending no fewer than three days prior to a Change in Control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What type of insider transactions did Enviri (NVRI) report?
Enviri reported equity compensation grants to its CEO, not market trades. Russell C. Hochman received restricted stock units, performance-based units, and stock appreciation rights as part of his pay package under the 2026 Omnibus Incentive Plan.
How many Enviri (NVRI) restricted stock units did the CEO receive?
Russell C. Hochman received 144,231 restricted stock units. Each unit represents a right to receive one Enviri common share, vesting in three equal annual installments on the anniversaries of the June 15, 2026 grant date.
What are the performance restricted stock units granted at Enviri (NVRI)?
The CEO received a target of 144,231 Performance Restricted Stock Units. These can vest between 0% and 250% of target, depending on Enviri’s share‑price performance between June 1, 2026 and June 30, 2029, or earlier around a qualifying change in control.
Why did Enviri (NVRI) grant new Stock Appreciation Rights to the CEO?
The Stock Appreciation Rights were granted to replace similar rights canceled in a reorganization tied to Enviri’s spin‑off. Footnotes state these replacement SARs are fully vested and were issued under the 2026 Omnibus Incentive Plan.