Enviri COO exercises awards, has shares withheld
Enviri Corp President & COO Russell C. Hochman exercised equity awards and had shares withheld for taxes.
Rhea-AI Filing Summary
Enviri Corp President & COO Russell C. Hochman exercised equity awards and had shares withheld for taxes. He converted 25,955 stock appreciation rights into 15,833 shares of common stock, with 10,821 shares withheld to cover related tax obligations. He also converted 12,349 restricted stock units into 12,349 common shares, with 5,723 shares withheld for taxes. Following these compensation-related transactions, he directly holds 218,365 shares of common stock and 56,722 restricted stock units that remain subject to future vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights | 25,955 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,833 | $7.00 | $111K |
| Exercise Price or Tax Liability | Common Stock | 10,821 | $17.95 | $194K |
| Exercise | Restricted Stock Units | 12,349 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,349 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,723 | $17.65 | $101K |
Footnotes (3)
- F1. The reporting person received 15,833 shares of common stock upon the net exercise of 25,955 stock appreciation rights ("SARs"). A total of 10,821 shares of common stock underlying such SARs were withheld to satisfy the withholding tax obligation resulting from the exercise.
- F2. Restricted stock units granted under the 2013 Equity and Incentive Compensation Plan represent a contingent right to receive Enviri common stock on a one-for-one basis when the restricted stock units vest. The restricted stock units vest in one-third increments on each of the first three anniversaries of the date of the grant.
- F3. The stock appreciation rights vested in one-third increments on each of the first three anniversaries of the date of the grant.
FAQ
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What did Enviri (NVRI) President & COO Russell Hochman report in this Form 4?
How do the Enviri restricted stock units reported by Russell Hochman vest?
How do Enviri stock appreciation rights work in Russell Hochman’s Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.