Hochman Russell C. 4

What Happened
Russell C. Hochman, President and COO of Enviri Corp (NVRI), received shares upon the vesting/conversion of performance share units on February 26, 2026. The Form 4 reports 74,094 shares acquired via conversion (code M), with 34,547 shares withheld to cover taxes at $18.59/share (code F) for $642,229. The filing also shows 37,047 derivative shares reported as disposed (code M). Net of the reported acquisitions and dispositions, the transaction results in a net issuance of 2,500 shares to Hochman (74,094 acquired minus 71,594 total disposed/withheld).

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (filed within the standard reporting window).
• Reported trades: 74,094 shares acquired (conversion/exercise, code M); 34,547 shares withheld for taxes at $18.59/share for $642,229 (code F); 37,047 derivative shares disposed (code M).
• Net effect: +2,500 shares retained by the insider based on the numbers in the filing.
• Footnotes: F1 — shares issued upon vesting of performance share unit awards approved Feb 18, 2026; F2 — each PSU vested at 200% of target based on Enviri’s TSR vs. the S&P 600 Industrials for the period ended Dec 31, 2025.
• Shares owned after the transaction are not provided in the data you supplied.
• Transaction codes: M = exercise/conversion of derivatives; F = tax withholding. This appears to be a routine vesting and withholding event, not an open-market purchase or sale.

Context
This filing reflects the issuance of shares on vesting of performance awards and the common practice of withholding shares to satisfy tax obligations (a form of cashless settlement). Such award vesting is different from an insider buying or selling stock in the open market; it does not by itself indicate a deliberate purchase or sale decision by the insider.