John K. Keppler - Nov 14, 2022 Form 4 Insider Report for Enviva Inc. (EVA)

Role
Chairman and CEO, Director
Signature
/s/ Jason E. Paral, as attorney-in-fact for John K. Keppler
Stock symbol
EVA
Transactions as of
Nov 14, 2022
Transactions value $
$0
Form type
4
Date filed
11/16/2022, 04:15 PM
Previous filing
Oct 13, 2022
Next filing
Dec 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVA Common Stock Options Exercise +145K +19.96% 869K Nov 14, 2022 Direct F1
transaction EVA Common Stock Award $0 +102K +11.7% $0.00 971K Nov 14, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EVA Restricted Stock Units Options Exercise $0 -23.6K -100% $0.00* 0 Nov 14, 2022 Common Stock 23.6K Direct F1, F3
transaction EVA Restricted Stock Units Options Exercise $0 -35.2K -100% $0.00* 0 Nov 14, 2022 Common Stock 35.2K Direct F1, F4
transaction EVA Restricted Stock Units Options Exercise $0 -42.9K -100% $0.00* 0 Nov 14, 2022 Common Stock 42.9 Direct F1, F5
transaction EVA Restricted Stock Units Options Exercise $0 -42.9K -100% $0.00* 0 Nov 14, 2022 Common Stock 42.9 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John K. Keppler is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into shares of common stock on a one-for-one basis.
F2 Pursuant to the terms of the reporting persons' employment agreement, upon his termination of employment on November 14, 2022, certain outstanding performance-based restricted stock unit awards that were not derivative securities and were not previously reported on a Form 4 vested and were settled in shares of the Issuer's common stock. These shares of common stock represent the settlement of three separate awards of performance-based restricted stock unit granted on February 1, 2022 (23,588 shares at target performance), January 27, 2021 (35,168 shares at target performance), and January 29, 2020 (42,939 shares at target performance).
F3 On February 1, 2022, the reporting person was granted 23,588 restricted stock units vesting in a single installment on February 1, 2026. This vesting of this award accelerated pursuant to the terms of the reporting person's employment agreement upon his termination of employment on November 14, 2022.
F4 On January 27, 2021, the reporting person was granted 35,168 restricted stock units vesting in a single installment on January 27, 2025. This vesting of this award accelerated pursuant to the terms of the reporting person's employment agreement upon his termination of employment on November 14, 2022.
F5 On January 29, 2020, the reporting person was granted 42,939 restricted stock units vesting in a single installment on January 29, 2024. This vesting of this award accelerated pursuant to the terms of the reporting person's employment agreement upon his termination of employment on November 14, 2022.
F6 On January 29, 2020, the reporting person was granted 42,939 restricted stock units vesting in a single installment on January 29, 2023. This vesting of this award accelerated pursuant to the terms of the reporting person's employment agreement upon his termination of employment on November 14, 2022.