Form 4: Enviri Controller Reports Equity Vesting and Settlement

Enviri VP and Corporate Controller Samuel C. Fenice reported the vesting and settlement of performance share units following the sale of the Clean Earth division.

Summary

• Samuel C. Fenice, VP & Corporate Controller of Enviri Corp, acquired 28,994 shares of common stock through the vesting and settlement of performance share units (PSUs).
• The transactions occurred on May 19, 2026, following Board approval related to the divestiture of the Clean Earth division.
• A total of 13,405 shares were withheld by the company to satisfy tax obligations at a price of $19.18 per share.
• Following these transactions, the reporting person holds 64,857 shares directly and 559 shares indirectly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral-to-positive administrative filing reflecting successful performance-based compensation outcomes following a major corporate divestiture.

Positives

• Performance share units vested at 200% of target, indicating strong relative total shareholder return performance against the S&P 600 Industrials Index.
• Successful completion of the Clean Earth division sale triggered the vesting of equity awards.

Negatives

• The transaction involved the withholding of 13,405 shares to cover tax liabilities, reducing the net increase in the reporting person's holdings.

Risks

• Future equity compensation remains subject to performance metrics relative to the S&P 600 Industrials Index.

Future Outlook

The remaining portion of certain performance share units is scheduled to settle in cash in accordance with award terms.

Management Comments

• The vesting was approved by the Enviri Board of Directors in connection with the sale of the Clean Earth division.

Industry Context

StockSavvy.ai notes that the vesting of equity at 200% of target suggests Enviri has successfully navigated recent market volatility or strategic shifts, outperforming the S&P 600 Industrials Index benchmark.

Comparison to Industry Standards

• The 200% vesting achievement indicates top-tier performance relative to the S&P 600 Industrials Index.
• Standard industry practice for executive compensation involves tax withholding upon vesting, which is consistent with the actions taken here.

Stakeholder Impact

• Shareholders may view the 200% vesting as a sign of management alignment with total shareholder return goals.

Next Steps

• Settlement of remaining performance share units in cash.

Key Dates

Keywords

Enviri, NVRI, Form 4, Insider Trading, Equity Compensation, Performance Share Units, Clean Earth Divestiture