Form 4: Enviri CHRO Converts RSUs, Sells Shares for Tax

Enviri Corp's Senior Vice President and CHRO, Jennifer Ott Kozak, converted restricted stock units into common stock and subsequently sold a portion of those shares for tax purposes.

Summary

• Jennifer Ott Kozak, Senior Vice President & CHRO of Enviri Corp (NVRI), acquired 10,165 shares of common stock through the conversion of Restricted Stock Units (RSUs) on March 4, 2026.
• Following the conversion, Kozak disposed of 4,668 shares of common stock at a price of $18.16 per share on the same date.
• The disposition of shares was likely for tax withholding purposes related to the RSU vesting.
• After these transactions, Kozak beneficially owns 78,080 shares of common stock and 42,420 Restricted Stock Units.
• The Restricted Stock Units were granted under the 2013 Equity and Incentive Compensation Plan and vest in one-third increments on each of the first three anniversaries of the grant date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine insider transaction related to executive compensation, which typically has a neutral impact on market sentiment as it is a standard part of executive compensation plans.

Positives

• The vesting of 10,165 Restricted Stock Units (RSUs) indicates the achievement of performance or time-based criteria, reflecting positively on the executive's tenure and the company's compensation structure.

Negatives

• The disposition of 4,668 shares of common stock, even if primarily for tax purposes, reduces the executive's direct equity stake in the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to Restricted Stock Unit (RSU) vesting and subsequent tax-related sales, are common occurrences in publicly traded companies and are generally not indicative of a change in management's long-term view of the company's prospects.

Stakeholder Impact

• Shareholders: The impact on shareholders is minimal as this is a routine compensation event and not a discretionary sale based on new information.
• Employees: Reflects standard executive compensation practices, which may be part of broader employee incentive programs.

Key Dates

Recommendation

This Form 4 reports a routine insider transaction involving the vesting of restricted stock units and a subsequent sale of shares to cover tax liabilities. Such transactions are common and generally do not provide a strong signal for investment decisions, thus a 'hold' recommendation is appropriate as it doesn't alter the fundamental investment thesis.

Keywords

NVRI, Enviri, Form 4, insider transaction, RSU conversion, stock sale, executive compensation