Enviri (NYSE: NVRI) CEO exercises 39,709 RSUs, uses 18,235 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ENVIRI Corp Chairman and CEO F. Nicholas Grasberger III exercised restricted stock units into common stock and had shares withheld for taxes. On this date, 39,709 restricted stock units converted into 39,709 common shares. Of these, 18,235 common shares were withheld at $17.65 per share to cover tax obligations, which is not an open-market sale.
After these transactions, he directly holds 1,603,242 common shares and 177,282 restricted stock units that can convert into common stock as they vest under the company’s 2013 equity and incentive plan, which provides for vesting in one-third increments over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
39,709 shares exercised/converted
Mixed
3 txns
Insider
GRASBERGER F NICHOLAS III
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 39,709 | $0.00 | -- |
| Exercise | Common Stock | 39,709 | $0.00 | -- |
| Tax Withholding | Common Stock | 18,235 | $17.65 | $322K |
Holdings After Transaction:
Restricted Stock Units — 177,282 shares (Direct);
Common Stock — 1,621,477 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ENVIRI (NVRI) report for its CEO?
ENVIRI reported that Chairman and CEO F. Nicholas Grasberger III exercised 39,709 restricted stock units into common stock. As part of the same event, 18,235 common shares were withheld at $17.65 per share to satisfy tax liabilities, a non-market disposition.
What does the tax withholding transaction on ENVIRI (NVRI) stock mean?
The tax withholding transaction reflects 18,235 ENVIRI common shares being delivered at $17.65 per share to cover tax obligations from the restricted stock unit conversion. This is coded as an F transaction and is not an open-market sale initiated for portfolio reasons.
How many restricted stock units did ENVIRI (NVRI) CEO exercise?
The CEO exercised 39,709 restricted stock units into 39,709 shares of ENVIRI common stock. These units were granted under the 2013 Equity and Incentive Compensation Plan and convert to common shares on a one-for-one basis when vesting conditions are satisfied.
How do ENVIRI (NVRI) restricted stock units vest for the CEO?
The restricted stock units vest in one-third increments on each of the first three anniversaries of the grant date. Once vested, each unit represents a contingent right to receive one share of ENVIRI common stock, aligning executive compensation with long-term share performance.