Fenice Samuel C. 4
4 · ENVIRI Corp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Enviri (NVRI) VP Samuel Fenice Receives 22,622 Shares (PSU Vest)
What Happened
- Samuel C. Fenice, VP & Corporate Controller of Enviri (NVRI), had 22,622 shares issued on Feb 26, 2026 upon vesting of performance share units (PSUs).
- To cover tax withholding, 10,806 of those shares were surrendered/disposed at $18.59 per share for a tax payment of $200,884. The filing also reports 11,311 shares as a derivative conversion/settlement (reported with $0 cash proceeds) reflecting the remaining vested shares.
Key Details
- Transaction date: 2026-02-26; Filing date: 2026-03-02 (timely filing).
- Issued: 22,622 shares (PSU vesting). Tax withholding: 10,806 shares at $18.59 each = $200,884.
- Remaining shares from the vesting are reported via a derivative conversion line (11,311 shares, $0 proceeds).
- Footnotes: The shares were issued upon vesting of PSUs approved Feb 18, 2026 by the compensation committee. Each PSU vested at 200% of target based on Enviri’s total shareholder return vs. the S&P 600 Industrials index for the period ending Dec 31, 2025.
- Shares owned after the transaction: not specified in the Form 4.
Context
- This was not an open-market buy or sale for investment purposes but the issuance of shares from vested performance awards; the tax obligation was settled by withholding shares (a routine administrative step).
- Derivative/“M” reporting here reflects conversion/exercise of PSUs into common stock rather than an option exercise with cash proceeds.
Insider Transaction Report
Form 4
ENVIRI CorpNVRI
Fenice Samuel C.
VP & Corporate Controller
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-26+22,622→ 52,541 total - Tax Payment
Common Stock
2026-02-26$18.59/sh−10,806$200,884→ 41,735 total - Exercise/Conversion
Performance Share Units
[F2]2026-02-26−11,311→ 0 totalExp: 2025-12-31→ Common Stock (11,311 underlying)
Footnotes (2)
- [F1]Represents shares issued upon vesting of performance share unit awards reported in Table II of this Form 4, as approved on February 18, 2026 by the Management Development & Compensation Committee of the Enviri Board of Directors.
- [F2]Each performance share unit vested at 200% of the target number of performance share units reported on the reporting person's Form 4 filed March 9, 2023, based on the total shareholder return of Enviri common stock relative to the S&P 600 Industrials Index over the performance period ended December 31, 2025.
Signature
/s/ Samuel C. Fenice|2026-03-02