Hochman Russell C. 4

What Happened

Russell C. Hochman, President & COO of ENVIRI Corp (NVRI), had 16,580 restricted stock units (RSUs) convert into common shares on 2026-03-04. The RSUs converted at an effective exercise/settlement price of $0.00. To cover tax withholding, 7,684 of the resulting shares were surrendered at $18.16 per share, totaling approximately $139,541. Net shares delivered to Hochman were 8,896.

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (timely filing).
• Conversion/exercise type: M (exercise/conversion of derivative — RSUs vesting/settlement).
• Tax withholding: F code — 7,684 shares withheld at $18.16/share = $139,541.
• Gross shares issued: 16,580; net shares received after withholding: 8,896.
• Shares owned after transaction: not provided in the supplied filing excerpt.
• Footnote: RSUs were granted under the 2013 Equity and Incentive Compensation Plan and vest in one-third increments on each of the first three anniversaries of the grant date.

Context

This was a vesting/settlement of restricted stock units (a non-cash issuance) rather than an open-market purchase or sale. The withholding of shares to cover taxes (code F) is a routine administrative step and does not by itself indicate a market view.