Fenice Samuel C. 4

What Happened

• Fenice Samuel C., VP & Corporate Controller of ENVIRI (NVRI), converted 5,987 restricted-stock units (reported as derivative exercises) on 2026-03-04. Of those, 2,768 shares were surrendered/withheld to cover tax obligations at $18.16 per share for a total tax withholding value of $50,267.
• The RSU conversion shows an acquisition price of $0.00 (no cash exercise price). Net newly issued shares to the insider = 5,987 − 2,768 = 3,219 shares retained.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (timely).
• Reported actions and codes: M = exercise/conversion of derivative (RSUs); F = shares withheld to satisfy tax liability.
• Withheld shares: 2,768 @ $18.16 = $50,267 (disposed to cover taxes).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnote: F1 explains these were restricted stock units under the 2013 Equity and Incentive Compensation Plan that vest in one-third increments (contingent right to receive common stock on vesting).

Context

• This looks like a routine RSU vesting and tax-withholding event (common compensation-related transaction), not an open-market purchase or sale for investment purposes.
• Because shares were withheld to cover taxes (a cashless/withholding settlement), the withholding reduces the net new shares issued to the insider rather than indicating an outright sale.