Fenice Samuel C. 4

What Happened

• Samuel C. Fenice, Vice President & Corporate Controller of ENVIRI Corp (NVRI), had 16,231 restricted stock units (RSUs) vest and convert into 16,231 common shares on May 20, 2026 (recorded as derivative conversion). Of those shares, 7,505 were surrendered/withheld to cover tax withholding at $19.53 per share, a tax payment of $146,573. The RSU settlement is reported as an M (exercise/conversion) and F (tax withholding) in the Form 4.

Key Details

• Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (appears timely).
• Conversion: 16,231 shares acquired via RSU settlement (reported at $0.00 exercise price).
• Tax withholding/disposal: 7,505 shares withheld at $19.53; value reported $146,573.
• Post-transaction holdings: Not specified in the provided filing excerpt.
• Footnote: The RSUs were granted under the 2013 Equity and Incentive Compensation Plan and were vested/settled as approved by the board on May 18, 2026 in connection with ENVIRI’s sale of its Clean Earth division.
• Transaction codes: M = conversion/exercise of derivative (RSU settlement); F = payment of exercise price or tax liability (share withholding).

Context

• This was not an open-market purchase or sale for investment—it's a routine settlement of vested RSUs with shares withheld to satisfy tax obligations (a common "cashless" net-settlement method). Such filings show insiders receiving compensation equity rather than signalling a deliberate buy/sell decision.