Beswick Jeffrey A 4
Research Summary
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ENVIRI (NVRI) SVP Jeffrey Beswick Converts RSUs; 4,333 Shares Withheld
What Happened Jeffrey A. Beswick, SVP & Group President, Clean Earth at ENVIRI (NVRI), had 9,779 restricted stock units (RSUs convert/vest) on May 9, 2026. Those RSUs converted into 9,779 shares (recorded as exercise/conversion). To satisfy tax withholding, 4,333 of those shares were surrendered/disposed at an implied value of $19.26 per share, equal to $83,454. Net shares received by Beswick from this vesting were 5,446 shares.
Key Details
- Transaction date: 2026-05-09; Form filed: 2026-05-12.
- Conversion/acquisition: 9,779 shares @ $0.00 (RSU vesting/derivative conversion).
- Tax withholding/disposition: 4,333 shares @ $19.26 = $83,454 (code F).
- Net shares retained from the vesting: 5,446 shares (9,779 acquired − 4,333 withheld).
- Footnote: These were restricted stock units under the 2013 Equity and Incentive Compensation Plan; RSUs vest in one-third increments on each of the first three anniversaries of the grant date.
- Shares owned after the transaction are not disclosed in this filing.
Context This was a routine RSU vesting with shares withheld to cover taxes (common practice), not an open-market sale or purchase. The filing shows both the RSU conversion and the tax-withholding disposition; together they represent settlement of vested equity rather than a directional buy or sell signal. The Form 4 was filed three days after the transaction (May 12 for a May 9 event).