Fenice Samuel C. 4
4 · ENVIRI Corp · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
ENVIRI (NVRI) VP Samuel C. Fenice Receives Awards, Sells Shares
What Happened
Samuel C. Fenice, VP & Corporate Controller of ENVIRI Corp (NVRI), had performance share units (PSUs) vest in connection with the company’s sale of its Clean Earth division. The filing reports 28,994 shares issued to him (two conversion/vesting entries at 17,018 and 11,976 shares, acquired at $0). To satisfy tax withholding, Fenice surrendered 13,405 shares (7,868 and 5,537 shares) at $19.18 per share, generating $257,108. The filing also shows additional derivative conversion/settlement entries totaling 40,970 shares reported as disposed at $0 (see footnotes).
Key Details
- Transaction date: May 19, 2026; Form 4 filed May 21, 2026 (timely filing).
- Acquired: 28,994 shares at $0 (PSU vesting/settlement).
- Shares surrendered for tax withholding: 13,405 shares at $19.18, proceeds = $257,108 (codes F).
- Other reported derivative conversions/settlements: 40,970 shares shown as converted/disposed at $0 (codes M).
- Shares owned after transaction: Not disclosed in the provided excerpt.
- Footnotes: PSUs were approved May 18, 2026 and vested at 200% of target based on Enviri’s total shareholder return vs. the S&P 600 Industrials Index; some awards settled in stock and some will settle in cash per award terms.
Context
These entries reflect PSU vesting and settlement rather than an open-market investment decision. The share surrenders were tax withholdings (routine), not open-market sales. Codes: M = exercise/conversion of derivative (PSU conversion), F = shares surrendered to pay taxes.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-19+17,018→ 66,286 total - Tax Payment
Common Stock
2026-05-19$19.18/sh−7,868$150,908→ 58,418 total - Exercise/Conversion
Common Stock
[F1]2026-05-19+11,976→ 70,394 total - Tax Payment
Common Stock
2026-05-19$19.18/sh−5,537$106,200→ 64,857 total - Exercise/Conversion
Performance Share Units
[F2]2026-05-19−17,018→ 0 totalExp: 2026-12-31→ Common Stock (17,018 underlying) - Exercise/Conversion
Performance Share Units
[F3]2026-05-19−23,952→ 11,976 totalExp: 2027-12-31→ Common Stock (23,952 underlying)
- 559(indirect: by Managed Account)
Common Stock
Footnotes (3)
- [F1]Represents shares issued upon vesting and settlement of performance share unit awards, as approved on May 18, 2026 by the Enviri Board of Directors in connection with Enviri's sale of its Clean Earth division, which portion of the performance share unit awards settled in stock in accordance with the award's terms.
- [F2]Each performance share unit vested at 200% of the target number of performance share units reported on the reporting persons Form 4 filed March 6, 2025, based on the total shareholder return of Enviri common stock relative to the S&P 600 Industrials Index. The remining portion of the performance share units will settle in cash in accordance with the awards terms.
- [F3]Each performance share unit vested and settled in shares at 200% of the target number of performance share units reported on the reporting persons Form 4 filed March 13, 2024, based on the total shareholder return of Enviri common stock relative to the S&P 600 Industrials Index.