Lada Gary Raymond 4

What Happened

• Lada Gary Raymond, SVP and President — Harsco Rail, had 21,342 restricted stock units (RSUs) vest and be settled on May 20, 2026. The RSUs were converted into 21,342 shares (reported as derivative exercise/conversion, code M) at $0.00 cost.
• To satisfy tax withholding (code F), 9,250 of those shares were surrendered/withheld at $19.53 per share for a total tax withholding value of $180,653. Net shares received by Raymond were 12,092 (21,342 − 9,250). The filing shows the derivative conversion and the withholding; no open-market purchase or discretionary sale of additional shares is reported.

Key Details

• Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (timely).
• Converted/settled: 21,342 RSUs → 21,342 shares (reported as M, conversion of derivative).
• Tax withholding: 9,250 shares withheld at $19.53/share = $180,653 (reported as F).
• Net shares issued to insider: 12,092 shares (worth roughly $236k at $19.53/share).
• Shares owned after transaction: not specified in the Form 4 provided.
• Footnote: RSUs were vested and settled per Board approval on May 18, 2026 in connection with Enviri’s sale of its Clean Earth division.
• Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = payment of exercise price or tax liability (withholding).

Context

• This was an RSU vesting and settlement with shares withheld for taxes — a routine, administrative transaction (often called a cashless/net settlement) rather than an open-market sale or purchase that signals buying/selling intent.
• The settlement was tied to corporate activity (the Clean Earth division sale) as noted by the board approval; factual context only — no inference about insider sentiment is made.