Reitemeier Christophe 4
Research Summary
AI-generated summary
ENVIRI (NVRI) President Christophe Reitemeier Exercises RSUs; Shares Withheld for Taxes
What Happened
- Christophe Reitemeier, President — Harsco Environmental, had 7,894 restricted stock units convert to common shares on 2026-03-04 (reported on Form 4). The RSU conversion carried no exercise price ($0.00 per share). To satisfy tax withholding, 3,711 of those shares were surrendered at an implied value of $18.16 per share, totaling about $67,392. The net result was 4,183 shares issued to Reitemeier (7,894 acquired minus 3,711 withheld).
- The filing shows the derivative (the RSUs) was converted/terminated in the process (transaction code M) and the withholding was reported under code F.
Key Details
- Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (timely).
- Conversion: 7,894 shares acquired from RSU vesting at $0.00 per share (code M).
- Tax withholding: 3,711 shares withheld/disposed at $18.16 per share for ~$67,392 (code F).
- Net shares received: 4,183 common shares.
- Footnote: These were restricted stock units under the 2013 Equity and Incentive Compensation Plan; RSUs convert one-for-one to common stock when they vest (vesting typically in one-third increments annually).
- Shares owned after the transaction: not specified in the data provided in this summary.
Context
- This was an RSU vesting and tax-withholding event, not a market purchase or discretionary sale. Withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a change in the insider’s investment view.
- Transaction codes: M = exercise/conversion of derivative (RSU conversion here); F = shares surrendered for tax withholding.