Enviri (NVRI) VP exercises RSUs, ends with 46,981 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enviri Corp VP & Corporate Controller Samuel C. Fenice exercised restricted stock units into 3,771 shares of common stock. A portion of these shares (1,744) was withheld at $17.65 per share to cover tax obligations related to the vesting. After these transactions, he directly owns 46,981 shares of Enviri common stock and indirectly holds 559 shares through a managed account. The restricted stock units were granted under the 2013 Equity and Incentive Compensation Plan and vest in one-third increments on each of the first three anniversaries of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,771 shares exercised/converted
Mixed
4 txns
Insider
Fenice Samuel C.
Role
VP & Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,771 | $0.00 | -- |
| Exercise | Common Stock | 3,771 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,744 | $17.65 | $31K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 20,485 shares (Direct);
Common Stock — 48,725 shares (Direct);
Common Stock — 559 shares (Indirect, by Managed Account)
Footnotes (1)
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FAQ
What insider transaction did Enviri (NVRI) executive Samuel C. Fenice report?
Samuel C. Fenice reported exercising restricted stock units into 3,771 Enviri common shares. The transaction reflects routine equity compensation vesting under the 2013 Equity and Incentive Compensation Plan, rather than an open-market purchase or sale of stock.
What are the terms of the Enviri (NVRI) restricted stock units in this filing?
The restricted stock units were granted under Enviri’s 2013 Equity and Incentive Compensation Plan. They represent a one-for-one right to receive Enviri common stock and vest in one-third increments on each of the first three anniversaries of the grant date.
Does the Enviri (NVRI) Form 4 show an open-market stock sale by the executive?
The Form 4 does not show an open-market sale by Samuel C. Fenice. The only disposition is 1,744 shares withheld at $17.65 per share to cover tax liabilities associated with the vesting and exercise of restricted stock units.
What does the transaction code M mean in the Enviri (NVRI) Form 4?
Transaction code M on this Form 4 indicates an exercise or conversion of a derivative security. Here it reflects restricted stock units converting into 3,771 Enviri common shares when they vested under the company’s equity compensation plan.