GRASBERGER F NICHOLAS III 4

What Happened

• Nicholas F. Grasberger III, Chairman and CEO of Enviri Corp (NVRI), reported receipt of 476,504 shares on Feb 26, 2026 upon vesting/conversion of performance-based awards. To cover tax withholding, 218,891 shares were surrendered at $18.59/share, generating $4,069,184. The filing also shows 238,252 shares reported as a derivative conversion/disposition with no cash value recorded. Overall, the filing implies a small net increase in shares held (about +19,361 shares based on the reported numbers).

Key Details

• Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (reports the Feb 26 transactions).
• Reported entries:
  • 476,504 shares acquired via exercise/conversion of derivative (code M) at $0.00.
  • 218,891 shares disposed for tax withholding (code F) at $18.59 — total ~$4,069,184.
  • 238,252 shares shown as exercise/conversion of derivative (code M) and disposed with $0 cash value.
• Shares owned after transaction: not specified on the provided summary; net change from these entries is +19,361 shares (476,504 acquired minus 218,891 and 238,252 disposed).
• Footnotes: Shares were issued upon vesting of performance share units approved Feb 18, 2026. 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.

Context

• Code M indicates conversion/exercise of a derivative (here, vested performance share units converting into common shares). Code F indicates shares withheld to satisfy tax withholding obligations.
• This was not an open-market purchase or sale for investment; it reflects routine issuance/settlement of long-term incentive awards and tax withholding. Such award vesting is disclosure of compensation realization rather than a direct buy/sell signal.