Enviri (NVRI) VP awarded stock and 4,808 performance units under 2026 plan
Rhea-AI Filing Summary
Enviri Corp reported that VP & Corporate Controller Samuel C. Fenice received new equity awards in the form of common stock and performance-based units. He was granted 9,027 shares of common stock at no cost, increasing his directly held common stock to 33,554 shares, which includes 24,527 shares previously acquired in a pro rata distribution from CLEH, Inc.
Fenice also received 4,808 Performance Restricted Stock Units under Enviri’s 2026 Omnibus Incentive Plan. These represent a target number of units that can vest between 0% and 250% of target based on share-price performance from June 1, 2026 through June 30, 2029, with vesting measured at the end of that performance period or before a qualifying Change in Control.
Positive
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Insider Trade Summary
Net Buyer: 9,027 shares
Net Buy
3 txns
Insider
Fenice Samuel C.
Role
VP & Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Unit | 4,808 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 9,027 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Unit — 4,808 shares (Direct);
Common Stock — 33,554 shares (Direct);
Common Stock — 192 shares (Indirect, By managed account.)
Footnotes (4)
- F1. 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.
- F2. Includes 24,527 shares acquired in a pro rata distribution by CLEH, Inc. on June 1, 2026 of all of the outstanding shares of the Issuer's common stock to the stockholders of CLEH, Inc.
- F3. Represents shares acquired in a pro rata distribution by CLEH, Inc. on June 1, 2026 of all of the outstanding shares of the Issuer's common stock to the stockholders of CLEH, Inc.
- F4. 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.
Key Figures
Common stock grant: 9,027 shares
Direct common holdings: 33,554 shares
Indirect holdings: 192 shares
+4 more
7 metrics
Common stock grant
9,027 shares
Common Stock granted at $0.0000 per share on June 15, 2026
Direct common holdings
33,554 shares
Total common stock directly held after transactions
Indirect holdings
192 shares
Common Stock held indirectly in a managed account
Performance RSU target
4,808 units
Target number of Performance Restricted Stock Units granted
Performance vesting range
0%–250% of target
Possible payout range for Performance Restricted Stock Units
Performance period
June 1, 2026–June 30, 2029
Measurement window for share-price performance targets
CLEH distribution component
24,527 shares
Shares acquired via pro rata distribution by CLEH, Inc. on June 1, 2026
Key Terms
restricted stock units, Performance Restricted Stock Units, 2026 Omnibus Incentive Plan, pro rata distribution, +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.
2026 Omnibus Incentive Plan financial
"Restricted stock units granted under the Issuer's 2026 Omnibus Incentive Plan represent a contingent right"
pro rata distribution financial
"Includes 24,527 shares acquired in a pro rata distribution by CLEH, Inc. on June 1, 2026"
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Enviri (NVRI) executive Samuel C. Fenice receive?
Samuel C. Fenice received 9,027 shares of Enviri common stock and 4,808 Performance Restricted Stock Units as compensation. The common shares were granted at no cost, while the performance units vest based on future share-price performance targets over a defined period.
How do the Enviri (NVRI) Performance Restricted Stock Units for Fenice vest?
Fenice’s 4,808 Performance Restricted Stock Units vest based on share-price performance from June 1, 2026 through June 30, 2029. The actual vesting can range from 0% to 250% of the target amount, depending on achievement of defined performance targets or a qualifying Change in Control.
What is the vesting schedule for Enviri (NVRI) restricted stock units granted to Fenice?
Each restricted stock unit granted under Enviri’s 2026 Omnibus Incentive Plan vests in three equal increments on each anniversary of the grant date. Upon vesting, Fenice becomes entitled to receive Enviri common stock on a one-for-one basis for each vested unit.
Does Samuel C. Fenice have any indirect holdings of Enviri (NVRI) stock?
Yes. In addition to his direct holdings, Form 4 shows 192 shares of Enviri common stock held indirectly through a managed account. These indirect holdings are reported separately from his directly owned shares for transparency on ownership structure.
Over what period are Enviri (NVRI) performance targets measured for Fenice’s units?
Performance targets for Fenice’s Performance Restricted Stock Units are measured from June 1, 2026 through June 30, 2029. Vesting is determined at the end of that performance period or during a specified measurement period before a qualifying Change in Control event.