Beswick Jeffrey A 4
Research Summary
AI-generated summary
Enviri (NVRI) SVP Jeffrey Beswick Exercises RSUs, Withholds Shares
What Happened
- Jeffrey A. Beswick, SVP and Group President, Clean Earth, had 37,042 restricted stock units (RSUs vest and converted to common shares) on May 20, 2026. All 37,042 shares were issued (code M), and 16,411 shares were surrendered/withheld to pay tax liability at $19.53 per share for a tax withholding value of about $320,507 (code F). Net shares retained by Beswick after withholding: 20,631.
Key Details
- Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (timely; within 2 business days).
- RSUs converted: 37,042 shares (exercise/conversion — code M).
- Shares withheld for taxes: 16,411 shares at $19.53 = $320,507 (code F).
- Net shares issued to insider: 20,631 shares (37,042 issued minus 16,411 withheld).
- Footnote: These were restricted stock units granted under the 2013 Equity and Incentive Compensation Plan and were vested and settled per Board approval on May 18, 2026 in connection with Enviri’s sale of its Clean Earth division (see F1).
- Filing status: No late filing indicated.
Context
- This was not an open-market purchase or voluntary sale; it was the vesting/settlement of RSUs with shares withheld to cover tax obligations (a routine administrative action), rather than a directional trade signal. Code explanation: M = option/derivative exercise or conversion (here RSU settlement); F = shares withheld to satisfy tax withholding.