GRASBERGER F NICHOLAS III 4
4 · ENVIRI Corp · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Enviri (NVRI) CEO F. Nicholas Grasberger Settles RSUs, Sells Shares for Taxes
What Happened
F. Nicholas Grasberger, Chairman and CEO of Enviri Corp (NVRI), had 141,205 restricted stock units (RSUs) convert to common shares on May 20, 2026 (reported as exercise/conversion of a derivative). To satisfy tax withholding, 64,842 of those shares were sold at $19.53 per share for proceeds of $1,266,364. The RSUs were vested and settled per a May 18, 2026 Board approval in connection with Enviri’s sale of its Clean Earth division.
Key Details
- Transaction date: May 20, 2026 (Form filed May 22, 2026) — filing appears timely.
- RSU conversion: 141,205 shares acquired (reported as "M" exercise/conversion) at $0.00 (reflecting vesting/settlement).
- Tax withholding sale: 64,842 shares disposed at $19.53, proceeds $1,266,364 (reported as "F" tax withholding).
- Additional Form 4 line reports the derivative conversion/disposition of 141,205 shares (administrative reporting of the same vest/settle event).
- Shares owned after the transactions are not specified in the provided filing.
- 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 related to the Clean Earth sale.
Context
This was a settlement of vested RSUs with a partial sale to cover tax obligations (common practice for executives). The event is not an open-market purchase signal; selling only to satisfy taxes is routine and does not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-20+141,205→ 1,742,694 total - Tax Payment
Common Stock
2026-05-20$19.53/sh−64,842$1,266,364→ 1,677,852 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-05-20−141,205→ 0 total→ Common Stock (141,205 underlying)
Footnotes (1)
- [F1]Restricted stock units granted under the 2013 Equity and Incentive Compensation Plan represent a contingent right to receive Enviri common stock on a one-for-one basis when the restricted stock units vest. The restricted stock units have been vested and settled, as approved on May 18, 2026 by the Enviri Board of Directors in connection with Enviri's sale of its Clean Earth division.