Form 4: Enviri Corp Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Jeffrey A. Beswick, SVP & Group President at Enviri Corp, exercised stock options and disposed of shares on May 9, 2024.
Summary
- On May 9, 2024, Jeffrey A. Beswick, a Senior Vice President & Group President at Enviri Corp, executed transactions involving the company's common stock.
- Beswick exercised 9,779 restricted stock units (RSUs) which converted into common stock.
- Following the exercise, Beswick disposed of 4,333 shares of common stock at a price of $8.3.
- After these transactions, Beswick directly owns 5,446 shares of Enviri Corp common stock and 19,558 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 05/09/2023 | Reporting person was granted 29,337 restricted stock units of which one-third vested on the first anniversary of the grant date. |
| 05/09/2024 | Date of transaction: Beswick exercised stock options and disposed of shares. |
| 05/10/2024 | Date of signature on the Form 4 filing. |
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