Fenice Samuel C. 4

What Happened

• Samuel C. Fenice, VP & Corporate Controller of ENVIRI Corp (NVRI), had restricted stock units (RSUs) convert into 3,771 shares on 2026-03-07 (reported on Form 4).
• To satisfy tax withholding, 1,744 of those shares were withheld/sold at $17.65 per share for proceeds of $30,782. Net shares added to his holdings from this vesting event were 2,027 shares.
• The filing shows both the conversion/exercise of the derivative (code M) and the tax withholding/disposition (code F).

Key Details

• Transaction date: 2026-03-07; Form 4 filed: 2026-03-10.
• Conversion (M): 3,771 shares acquired at $0.00 (vesting of RSUs).
• Tax withholding/disposition (F): 1,744 shares disposed at $17.65 for $30,782.
• Another M-line records the derivative conversion (3,771 shares) as a disposition of the derivative instrument (typical reporting of RSU-to-stock conversion).
• Shares owned after the transaction: not specified in the filing.
• Footnote: These were restricted stock units under the 2013 Equity and Incentive Compensation Plan; RSUs vest in one-third increments on each of the first three anniversaries of the grant.

Context

• This was not an open-market purchase or a decision to sell shares for investment reasons but a routine RSU vesting with shares withheld to cover taxes (common practice).
• Transaction codes: M = exercise/conversion of a derivative (RSU vesting); F = shares withheld/sold to pay tax obligations. No 10b5-1 plan, late filing flag, or other special instructions were indicated in the filing.