Form 4: Enviri SVP Beswick's PSU Vesting and Share Transactions

Enviri Corp's SVP, Jeffrey A. Beswick, reported the vesting of performance share units at 200% of target, resulting in the acquisition of common stock and subsequent tax-related dispositions.

Summary

• Jeffrey A. Beswick, SVP & Grp. Pres., Clean Earth at ENVIRI Corp (NVRI), reported transactions on December 16, 2025.
• Acquired 50,204 shares of common stock upon the vesting of performance share unit (PSU) awards, which were approved on December 15, 2025.
• Acquired an additional 86,020 shares of common stock upon the vesting of another set of PSU awards.
• Both sets of performance share units vested at 200% of their target number, based on Enviri's total shareholder return relative to the S&P 600 Industrials Index.
• Disposed of 22,241 shares of common stock at $17.85 per share for tax withholding purposes related to the vesting.
• Disposed of 19,054 shares of common stock at $17.85 per share for additional tax withholding.
• Disposed of 43,010 shares of common stock at $17.85 per share, representing a deemed surrender to the issuer for the cash-settled portion of certain performance share units.
• Following these reported transactions, Jeffrey A. Beswick beneficially owns 67,027 shares of Enviri Corp common stock directly.

Sentiment

Score: 8

Explanation: The vesting of performance share units at 200% of target, based on Enviri's strong total shareholder return relative to its industry index, indicates robust company performance and effective executive incentives, which is a significant positive signal.

Positives

• Performance Share Units (PSUs) vested at 200% of target, indicating strong company performance relative to the S&P 600 Industrials Index.
• The 200% vesting suggests Enviri's total shareholder return (TSR) significantly outperformed its peer group, reflecting effective strategic execution.
• Management (Jeffrey A. Beswick) is being rewarded for achieving high performance metrics, aligning executive incentives with shareholder value.

Negatives

• Dispositions of 22,241 shares and 19,054 shares for tax withholding purposes reduce the direct shareholding of the SVP.
• A deemed surrender of 43,010 shares for the cash-settled portion of PSUs also reduces direct share ownership.

Future Outlook

NA

Industry Context

The vesting of performance share units at 200% of target, based on Enviri's total shareholder return relative to the S&P 600 Industrials Index, suggests that Enviri has outperformed its industry peers in terms of shareholder value creation over the performance period.

Comparison to Industry Standards

• Enviri's total shareholder return (TSR) outperformed the S&P 600 Industrials Index, leading to a 200% vesting of performance share units for the reporting person. This indicates strong relative performance against a broad industrial peer group.

Stakeholder Impact

• Shareholders: The 200% vesting of PSUs signals strong past company performance and effective alignment of executive compensation with shareholder returns, which could positively influence investor confidence.
• Employees: May indicate a high-performing culture and a robust reward system for executives, potentially boosting morale and motivation.

Key Dates

Recommendation

While the 200% vesting of performance share units indicates strong past performance relative to the S&P 600 Industrials Index, this Form 4 primarily reports on executive compensation and does not provide new forward-looking financial guidance or strategic shifts that would warrant a change from a 'Hold' position without further analysis of the company's broader financial health and market conditions. It confirms past outperformance but doesn't necessarily predict future trends.

Keywords

Enviri, NVRI, Form 4, insider transaction, beneficial ownership, performance share units, PSU, stock vesting, executive compensation, SVP, Clean Earth