Romaninsky Samuel Darden 4
Research Summary
AI-generated summary
ENVIRI (NVRI) GC Samuel Romaninsky Exercises RSUs; Tax Withholding
What Happened
Samuel Darden Romaninsky, VP, General Counsel & Chief Compliance Officer of ENVIRI Corp (NVRI), had 4,018 restricted stock units convert to common shares on March 11, 2026 (reported on Form 4 filed March 13, 2026). Of those shares, 1,846 were surrendered/withheld to cover tax withholding at an indicated value of $17.94 per share, totaling $33,117. The conversion shows an acquisition of 4,018 shares (no exercise price) with 1,846 shares disposed for tax withholding, leaving a net of 2,172 shares issued to him.
Key Details
- Transaction date: 2026-03-11; Form 4 filed: 2026-03-13 (timely filing).
- Converted/issued: 4,018 shares (derivative conversion, code M).
- Tax withholding: 1,846 shares withheld/disposed at $17.94/share = $33,117 (code F).
- Net shares retained by insider: 2,172 (4,018 − 1,846).
- Footnote: These were restricted stock units (RSUs) granted under the 2013 Equity and Incentive Compensation Plan that convert one-for-one upon vesting; RSUs typically vest in installments (see footnote F1).
- Shares owned after the transaction: not specified in the provided excerpt.
Context
This was a conversion/vesting event (RSU settlement) rather than an open-market purchase or sale. The withholding of shares to satisfy tax obligations is a common administrative step and should not be interpreted as an intentional open-market sale. Codes: M = exercise/conversion of a derivative (here, RSUs converting to shares); F = disposition of shares to satisfy tax withholding.