Enviri CEO exercises 39,709 RSUs, pays taxes in stock
ENVIRI Corp Chairman and CEO F. Nicholas Grasberger III exercised restricted stock units into common stock and had shares withheld for taxes.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 39,709 | $0.00 | $0.00 |
| Exercise | Common Stock | 39,709 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 18,235 | $17.65 | $322K |
Footnotes (1)
- F1. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ENVIRI (NVRI) report for its CEO?
What does the tax withholding transaction on ENVIRI (NVRI) stock mean?
How many restricted stock units did ENVIRI (NVRI) CEO exercise?
How do ENVIRI (NVRI) restricted stock units vest for the CEO?
AI-generated analysis. How Rhea-AI works. Not financial advice.