Vadaketh Tom George 4

What Happened
Vadaketh Tom George, Senior Vice President and Chief Financial Officer of Enviri (NVRI), received shares on May 19, 2026 upon vesting/settlement of performance share units approved by Enviri's board. The Form 4 reports: 89,829 shares acquired (exercise/conversion of derivative reported as type M), 41,250 shares surrendered/withheld to cover tax liabilities at $19.18 per share (totaling $791,175, transaction code F), and an additional derivative conversion line reporting 179,658 units (reported as a disposition at $0). The issuance was tied to performance share unit vesting, not an open-market purchase or sale.

Key Details

• Transaction date: May 19, 2026; Form 4 filed May 21, 2026.
• Acquired: 89,829 shares (exercise/conversion of derivative; code M) at $0 reported price (issuance from PSU settlement).
• Withheld/taxed: 41,250 shares disposed at $19.18/share to satisfy tax withholding = $791,175 (code F).
• Additional derivative line: 179,658 shares reported as a disposition at $0 (code M) per the filing.
• Footnotes: (F1) Shares issued upon vesting and settlement of performance share units approved May 18, 2026 in connection with Enviri’s sale of its Clean Earth division. (F2) Each PSU vested at 200% of target based on Enviri’s total shareholder return vs. the S&P 600 Industrials Index; remaining PSU value will be paid in cash per award terms.
• Shares owned after the transactions: not provided in the supplied data.
• Filing timeliness: filed within two days of the transaction date (no late filing indicated).

Context
This was a settlement of performance-based equity awards (PSUs) that vested at above-target levels (200% of target). The withholding of 41,250 shares to satisfy taxes is a routine administrative step and does not represent an open-market sale decision. The multiple Form 4 lines reflect derivative exercise/conversion and tax withholding accounting rather than distinct cash purchases or market sales.