Beswick Jeffrey A 4

What Happened

• Jeffrey A. Beswick, SVP & Group President, Clean Earth at ENVIRI (NVRI), had 14,336 restricted stock units (RSUs) convert to common shares on March 4, 2026 (reported as derivative exercise/conversion, code M).
• Of the 14,336 shares issued, 6,351 shares were surrendered/withheld to cover tax liabilities (reported under code F) at an implied withholding value of $18.16 per share, totaling $115,334. No cash exercise price was paid ($0.00). Net shares retained from the vesting: 7,985.
• This is a vesting/tax-withholding event (not an open-market purchase or sale) and is typically routine when RSUs vest.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (timely).
• Converted/issued: 14,336 shares (code M) at $0.00; Withheld/disposed for taxes: 6,351 shares at $18.16 = $115,334 (code F).
• Net shares received by Beswick: 7,985 shares.
• Footnote: These were restricted stock units granted under the 2013 Equity and Incentive Compensation Plan; RSUs vest in one-third increments on each of the first three anniversaries of the grant (per footnote F1).
• The filing did not disclose total shares owned by Beswick after the transaction in the provided data.

Context

• This was a vesting and tax-withholding transaction (a common, non-market-sale event). The RSUs converted to shares (no cash purchase); a portion of the shares were withheld to satisfy tax obligations — a routine administrative step that does not necessarily signal insider buying or selling intent.
• For investors, purchases or open-market sales by insiders tend to be more informative about sentiment; vesting and withholding transactions mainly reflect compensation mechanics.