Fenice Samuel C. 4

What Happened
Samuel C. Fenice, Enviri Corp's (NVRI) Vice President & Corporate Controller, received two equity awards on June 15, 2026: 9,027 restricted stock units (RSUs) and 4,808 performance-based restricted stock units (PRSUs). Both grants were reported at $0.00 per share (standard for awards), so no cash was paid. The RSUs are a contingent right to receive common stock when they vest; the PRSUs represent target awards that can pay out between 0% and 250% of target depending on future share-price performance.

Key Details

• Transaction date and filing: grants dated 2026-06-15; Form 4 filed 2026-06-17 (filed within the typical two-business-day window).
• Award amounts and price: 9,027 RSUs @ $0.00; 4,808 PRSU target units @ $0.00. Reported dollar value at grant = $0 (award, not a cash purchase).
• Vesting and performance terms: RSUs vest in three equal annual installments after the grant date (Footnote F1). PRSUs measure performance over June 1, 2026–June 30, 2029 and may vest 0%–250% of target based on share-price performance (Footnote F4).
• Prior distribution note: filing includes references to a June 1, 2026 pro rata distribution of Enviri shares by CLEH, Inc. (Footnotes F2/F3).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: filing date is two days after the grant date, which generally meets Form 4 timing requirements.

Context

• These were awards/grants (transaction code A) — not purchases or sales — so they reflect compensation/retention rather than an immediate market bet by the insider.
• PRSUs are derivative/contingent awards whose final share payout depends on future performance over a multi-year period; they can result in more or fewer shares than the target depending on results.
• No indication in the filing of an immediate sale, tax withholding, or a 10b5-1 plan.