Form 4: ENVIRI CHRO Sells Shares After SAR Exercise
Insider Transaction Report
ENVIRI Corp's Senior Vice President and CHRO, Jennifer Ott Kozak, exercised stock appreciation rights and subsequently sold a portion of the acquired common stock.
Summary
- Jennifer Ott Kozak, Senior Vice President & CHRO of ENVIRI Corp, executed transactions involving common stock and Stock Appreciation Rights (SARs) on December 8, 2025.
- Kozak exercised 10,100 SARs with an exercise price of $7.45 per share.
- As a result of the SAR exercise, 5,970 shares of common stock were received after 1,701 shares were withheld to cover tax obligations at a price of $18.219 per share.
- Subsequently, Kozak sold 9,692 shares of common stock at a weighted average price of $18.1797 per share.
- Following these transactions, Kozak's direct beneficial ownership of common stock is 8,181 shares, and she holds 27,364 unexercised Stock Appreciation Rights.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction involving the exercise of stock appreciation rights and a subsequent sale of common stock by a senior executive. While the exercise indicates the awards were in-the-money, the sale of shares by an insider is generally viewed neutrally to slightly negatively, as it reduces their direct equity stake.
Positives
- The exercise of Stock Appreciation Rights indicates that the company's stock price was significantly above the SAR exercise price of $7.45, allowing the executive to realize a profit.
Negatives
- The Senior Vice President & CHRO sold 9,692 shares of common stock, reducing her direct equity stake in the company.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The sale of shares by a senior executive slightly reduces insider ownership, which some investors may view as a minor negative signal, though it is a common practice for compensation monetization.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Grant date of the Stock Appreciation Rights, which vested in one-third increments on each of the first three anniversaries. |
| 12/08/2025 | Date of SAR exercise and common stock transactions. |
| 12/09/2025 | Signature date of the reporting person. |
| 03/07/2033 | Expiration date of the Stock Appreciation Rights. |
Recommendation
holdThis Form 4 details a routine insider transaction where a senior executive exercised vested stock appreciation rights and subsequently sold a portion of the acquired shares. Such transactions are common for executives to monetize compensation and manage personal finances and do not typically signal a fundamental change in the company's prospects. Therefore, it does not warrant a change in investment recommendation based solely on this filing.
Keywords
ENVIRI Corp, NVRI, Insider Trading, Form 4, Stock Appreciation Rights, SARs, Share Sale, Executive Compensation, Jennifer Ott Kozak
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