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ENVIRI Corp·4

Mar 10, 8:25 PM ET

Hochman Russell C. 4

Research Summary

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Updated

ENVIRI (NVRI) President Russell Hochman Exercises SARs, Sells Shares

What Happened
Russell C. Hochman, President & COO of ENVIRI Corp (NVRI), converted vested restricted stock units (RSUs) and exercised stock appreciation rights (SARs) in transactions reported March 10 (period of report Mar 7 & Mar 9). He acquired 12,349 shares from RSU vesting (Mar 7) and acquired 15,833 shares from the net exercise of SARs (Mar 9). To cover withholding tax obligations, 5,723 RSU shares and 10,821 SAR shares were surrendered (disposed) — a total of 16,544 shares withheld valued at ~$295,248. He paid $110,831 in exercise price related to the SAR exercise.

Key Details

  • Transaction dates: Mar 7, 2026 (RSU conversion and related withholding); Mar 9, 2026 (net SAR exercise and withholding). Form filed Mar 10, 2026.
  • Shares acquired: 12,349 (RSUs converted) + 15,833 (shares received on SAR net exercise) = 28,182 gross acquired.
  • Shares withheld/disposed for taxes: 5,723 @ $17.65 = $101,011; 10,821 @ $17.95 = $194,237; total value withheld ≈ $295,248.
  • Net new shares retained after withholding: 28,182 − 16,544 = 11,638 shares.
  • Cash paid: $110,831 (exercise price shown for the SAR-related acquired shares).
  • Footnotes: F1 — 15,833 shares were received upon net exercise of 25,955 SARs; 10,821 SAR shares withheld for taxes. F2 — RSUs vest in one‑third increments (2013 plan). F3 — SARs vest in one‑third increments.
  • Shares owned after the transactions: not specified in the provided filing.

Context

  • These filings reflect standard compensation-related transactions: RSU vesting and a net exercise of SARs with shares withheld to satisfy tax withholding obligations (a cashless/net exercise mechanism). Such transactions are routine for executives receiving equity compensation and do not by themselves indicate a buy or sell decision about the company’s stock.
  • For retail investors: purchases (cash outflow to buy shares) are often treated as more indicative of confidence than routine exercises or tax-withholdings; here the activity is primarily compensation-related rather than an open-market purchase or sale.