Fenice Samuel C. 4

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.