Form 4: Enviri Corp Executive Jennifer Kozak Reports Stock Transactions
SEC Form 4
Senior Vice President & CHRO of Enviri Corp, Jennifer Kozak, reports acquisition and disposal of common stock and derivative securities.
Summary
- On March 4, 2025, Jennifer Kozak, Senior Vice President & CHRO of Enviri Corp, reported transactions involving Enviri Corp's common stock and derivative securities.
- Kozak acquired 1,740 shares of common stock through the vesting of restricted stock units.
- She also disposed of 892 shares of common stock to cover tax obligations at a price of $6.03 per share.
- Following these transactions, Kozak directly owns 6,271 shares of Enviri Corp common stock.
- Additionally, Kozak was granted 30,496 restricted stock units, 30,496 performance share units, and 48,776 stock appreciation rights.
- After these transactions, Kozak beneficially owns 67,451 restricted stock units, 30,496 performance share units, and 48,776 stock appreciation rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The document does not contain specific forward-looking statements regarding the company's future performance, but it does outline the vesting schedules for the granted stock units and appreciation rights.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is standard practice and provides transparency to investors regarding insider activity.
Comparison to Industry Standards
- Executive compensation packages including restricted stock units, performance share units, and stock appreciation rights are common in publicly traded companies to align management's interests with those of shareholders.
- The vesting schedules and performance metrics (e.g., TSR relative to the S&P 600 Industrials Index) are typical components of such compensation plans.
- Companies like Tetra Tech (TTEK) and AECOM (ACM) also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
- The vesting schedules for stock units and appreciation rights incentivize the executive to drive long-term shareholder value.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of earliest transaction (acquisition/disposal of securities). |
| 03/04/2025 | Grant date of restricted stock units, performance share units, and stock appreciation rights. |
| 12/31/2027 | Vesting date for performance share units. |
| 03/04/2035 | Expiration date for stock appreciation rights. |
| 03/06/2025 | Date of signature for the Form 4 filing. |
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