ENVIRI Corp·4

Mar 13, 2:55 PM ET

Hochman Russell C. 4

Research Summary

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ENVIRI (NVRI) President Russell C. Hochman Exercises RSUs, Sells Shares for Taxes

What Happened

  • Russell C. Hochman, President & COO of ENVIRI Corp (NVRI), had restricted stock units convert into common shares on 2026-03-11. The filing shows 11,780 shares were issued on conversion (acquired at $0.00). To cover tax withholding, 5,459 shares were disposed at $17.94 each, totaling about $97,934. The Form 4 also records a corresponding derivative disposition entry related to the conversion.

Key Details

  • Transaction date: 2026-03-11; filing date: 2026-03-13 (timely filing).
  • Conversion: 11,780 shares acquired at $0.00 (derivative conversion of RSUs).
  • Tax withholding: 5,459 shares disposed at $17.94 = $97,934 (code F — tax withholding).
  • Footnote: RSUs were granted under the 2013 Equity and Incentive Compensation Plan and vest in one-third increments over three years (these were vested units converting to stock).
  • Shares owned after the transaction: not specified in the provided excerpt.

Context

  • This was a routine RSU vesting and conversion, not an open-market purchase or voluntary sale for cash beyond the tax withholding. The F-code disposal indicates the company withheld shares to satisfy tax liabilities (a common cashless-withholding method). The filing appears timely (filed two days after the transaction).