Form 4: Enviri Corp Director Grasberger Exercises Stock Options, Disposes of Shares
SEC Form 4 Filing
Chairman, President, and CEO of Enviri Corp, F. Nicholas Grasberger III, reports exercising stock options and disposing of shares on March 4, 2024.
Summary
- On March 4, 2024, F. Nicholas Grasberger III, Chairman, President, and CEO of Enviri Corp, exercised restricted stock units, acquiring 22,486 shares of common stock.
- Simultaneously, Grasberger disposed of 10,328 shares of common stock at a price of $8.27 per share to cover tax obligations.
- Following these transactions, Grasberger directly owns 791,431 shares of Enviri Corp common stock and 141,613 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions. The exercise of options and subsequent sale of shares is a common practice and doesn't necessarily indicate a positive or negative outlook.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of existing stock options and a small sale of shares.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction: exercise of restricted stock units and disposal of shares. |
| 03/06/2024 | Date of signature on the Form 4 filing. |
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