Coveney Kevin Michael 4
4 · Enveric Biosciences, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Enveric (ENVB) CFO Kevin Coveney Receives RSU Award
What Happened
Kevin Michael Coveney, Chief Financial Officer of Enveric Biosciences, was granted 133,333 restricted stock units (RSUs) on 2026-06-01 (transaction coded as an award, A). The grant shows $0.00 cash paid for the RSUs; each RSU entitles the holder to one share of common stock upon vesting. This is a grant (not a market purchase or sale), so it represents future potential equity rather than an immediate investment or cash transaction.
Key Details
- Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (timely filing).
- Grant: 133,333 RSUs; per filing consideration = $0.00.
- Vesting (per footnote): one-fourth vests on the one-year anniversary, then an additional one‑thirty‑sixth of the RSUs vests each month following the first vesting date; any remaining RSUs vest on the fourth anniversary. Vesting is conditioned on continued employment.
- Each vested RSU converts to one share of common stock upon vesting.
- Shares owned after the grant: not specified in the provided filing details.
- Transaction type: Award/Grant (not a purchase or sale); no 10b5-1 plan or tax-withholding details disclosed in the footnote.
Context
RSU grants are common executive compensation that vest over time and are generally intended to retain and incentivize executives; they do not represent an immediate market purchase or sale. Because vesting depends on continued employment, the economic benefit is realized over the vesting period as units convert to shares.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-01+133,333→ 180,746 total
Footnotes (1)
- [F1]Represents the restricted stock units (the "RSUs") granted to the reporting person pursuant to the Enveric Biosciences, Inc. (the "Company") 2020 Long-Term Incentive Plan, as amended. For each vested restricted stock unit, the reporting person will be entitled to receive one share of common stock. One-fourth of the RSUs will vest upon the one-year anniversary of the date of issuance. An additional one-thirty-sixth of the RSUs will vest each month following the first vesting date. Any remaining RSUs will vest on the fourth anniversary of the date of issuance. Vesting is conditioned upon continued employment by the Company.