Fenice Samuel C. 4

What Happened
Samuel C. Fenice, VP & Corporate Controller of ENVIRI Corp (NVRI), had 4,254 restricted stock units (RSUs) convert to common shares on March 11, 2026. Of those shares, 1,967 were withheld to cover tax withholding at a reported withholding value of $17.94 per share, totaling $35,288. The conversion resulted in a net issuance of 2,287 common shares to Fenice. This was an RSU vesting/tax-withholding event (not an open-market purchase or a voluntary sale).

Key Details

• Transaction date: 2026-03-11; Form 4 filed 2026-03-13 (timely).
• Converted (M): 4,254 derivative units → 4,254 common shares @ $0.00 (conversion of RSUs).
• Tax withholding (F): 1,967 shares withheld @ $17.94 per share = $35,288 (disposed to issuer to satisfy tax liability).
• Net shares delivered to insider: 4,254 − 1,967 = 2,287 shares.
• Shares owned after the transaction: not disclosed on the Form 4.
• Footnote: RSUs are 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 routine equity compensation event: RSUs vested (recorded as a conversion of a derivative) and some shares were automatically withheld to satisfy tax withholding obligations (a common cashless-withholding method). Such transactions reflect compensation realization rather than a directional market bet; they do not necessarily indicate insider sentiment about the company's stock.