Kozak Jennifer Ott 4
4 · ENVIRI Corp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Enviri (NVRI) CHRO Jennifer Kozak Receives 45,862-Share Award
What Happened
Jennifer Ott Kozak, Senior Vice President & CHRO of Enviri Corp (NVRI), received 45,862 shares on February 26, 2026 upon vesting of performance share units. Of those shares, 21,387 were withheld to cover tax liabilities at an implied price of $18.59 per share (value withheld ≈ $397,584). The remaining 22,931 shares were issued to Ms. Kozak and retained. The awards were converted/exercised as derivatives (transaction code M) and the withholding is reported under code F.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely filed within reporting window).
- Issued on vesting: 45,862 shares (exercise/conversion of performance-based derivatives, code M).
- Tax withholding: 21,387 shares surrendered/withheld at $18.59/share for $397,584 (code F).
- Shares remaining to insider after withholding: 22,931 shares issued to and retained by Ms. Kozak.
- Footnotes: Awards were performance share units that vested at 200% of target based on total shareholder return vs. the S&P 600 Industrials for the period ending 12/31/2025, as approved by the board committee.
- Filing timeliness: No late filing indicated in this report.
Context
This was a vesting/settlement of performance share units (PSUs), not an open-market buy or discretionary sale. The $0 per-share exercise price reflects that these shares were issued as earned awards rather than purchased. Withholding of shares to cover taxes is a routine administrative step and does not by itself signal a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-26+45,862→ 93,970 total - Tax Payment
Common Stock
2026-02-26$18.59/sh−21,387$397,584→ 72,583 total - Exercise/Conversion
Performance Share Units
[F2]2026-02-26−22,931→ 0 totalExp: 2025-12-31→ Common Stock (22,931 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.