NVRI.NYSEEnviri CORP

Form 4: Enviri Corp Director Grasberger Executes Stock Transactions

Sentiment:

SEC Form 4 Filing

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Director F. Nicholas Grasberger III reports the vesting and disposal of Enviri Corp common stock and restricted stock units on March 1, 2024.

Summary

  • On March 1, 2024, F. Nicholas Grasberger III, a director, officer (Chairman, President, and CEO) of Enviri Corp, engaged in transactions involving the company's common stock and restricted stock units.
  • Grasberger exercised 14,864 restricted stock units (RSUs) which converted into common stock.
  • Simultaneously, Grasberger disposed of 6,819 shares of common stock at a price of $8.26 per share, seemingly to cover tax obligations related to the vesting of the RSUs.
  • Following these transactions, Grasberger directly owns 779,273 shares of Enviri Corp common stock and 164,099 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider transactions. The sale of shares is likely related to tax obligations, and the overall impact is neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to track the buying and selling activity of individuals with privileged information about the company's prospects.

Stakeholder Impact

  • The transactions have a minimal direct impact on stakeholders, as they represent routine insider activity.
  • The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

DateDescription
03/01/2021Reporting person was granted 44,591 restricted stock units of which one-third vested on the third anniversary of the grant date.
03/01/2024Date of transactions: exercise of restricted stock units and disposal of common stock.
03/05/2024Date of signature on the Form 4 filing.

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