Minan Peter Francis 4
4 · Enviri Corp · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Enviri (NVRI) EVP & CFO Minan Peter Francis Receives Stock Awards
What Happened
Minan Peter Francis, Enviri Corp’s Executive Vice President & Chief Financial Officer, received equity awards on June 15, 2026: 78,125 restricted stock units (RSUs) and 76,924 performance restricted stock units (PRSUs). Both awards were reported at a $0 acquisition price (standard for grants). The RSUs vest in three equal annual installments; the PRSUs are performance-based and may vest between 0% and 250% of target depending on share-price performance over the performance period.
Key Details
- Transaction date: 2026-06-15; Form 4 filed 2026-06-17 (filed within the typical 2-business-day window).
- Awards: 78,125 RSUs (one-for-one shares on vesting) and 76,924 target PRSUs (reported as a derivative grant). Reported price: $0.
- Potential upside on PRSUs: vesting range 0%–250% of target (at 250% the PRSUs could equal up to ~192,310 shares).
- Shares owned after the transaction: not disclosed in this filing.
- Footnotes: F1 explains the RSU vesting schedule (three equal annual tranches). F2 describes the PRSU performance period (June 1, 2026–June 30, 2029) and the 0%–250% vesting range.
- Filing timeliness: appears timely (no late filing flag).
Context
These entries are compensation grants (reported with code A) rather than open-market purchases or sales; they do not represent an immediate cash purchase or sale and should be viewed as part of executive pay. RSUs convert to common stock as they vest; PRSUs are variable and depend on meeting specific performance/share-price targets. For retail investors, grants signal management compensation alignment with shareholders but are not a direct bullish or bearish trading signal on their own.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-15+78,125→ 94,559 total - Award
Performance Restricted Stock Unit
[F2]2026-06-15+76,924→ 76,924 total→ Common Stock (76,924 underlying)
Footnotes (2)
- [F1]Restricted stock units granted under the Issuer's 2026 Omnibus Incentive Plan represent a contingent right to receive the Issuer's common stock on a one-for-one basis when the restricted stock units vest. Each reported restricted stock unit vests in three equal increments on each subsequent anniversary of the grant date.
- [F2]Represents the target number of Performance Restricted Stock Units granted under the Issuer's 2026 Omnibus Incentive Plan, each of which represents the contingent right to receive a variable amount of shares of the Issuer's common stock based on the level of achievement of share-price performance targets over the period of June 1, 2026, through June 30, 2029 (the "Performance Period"). The Performance Restricted Stock Units vest between 0% and 250% of target, measured as of the earlier of the final financial quarter of the Performance Period or during a measurement period ending no fewer than three days prior to a Change in Control of the Issuer.