Fenice Samuel C. 4

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.