Glenn Nunziata - Sep 19, 2023 Form 4 Insider Report for Enviva Inc. (EVA)

Role: EVP and CFO
Signature: /s/ Jason E. Paral, as attorney-in-fact for Glenn T. Nunziata
Stock symbol: EVA
Transactions as of: Sep 19, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/20/2023, 04:19 PM
Previous filing: Sep 1, 2023

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	Award	$0	+299K		$0.00	299K	Sep 19, 2023	Common Stock	299K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit is the economic equivalent of one share of common stock and includes a tandem grant of a dividend equivalent right entitling the holder to receive an amount in cash equal to the value of any cash dividends paid to the holders of the Issuer's common stock during the period in which the restricted stock unit is outstanding. One-half of the restricted stock units will vest on the first anniversary of the date of grant, and the second half of the restricted stock units will vest on the second anniversary of the date of grant, as long as the Reporting Person remains continuously employed through such dates, and may be settled in either cash or shares of common stock.

Content

Each restricted stock unit is the economic equivalent of one share of common stock and includes a tandem grant of a dividend equivalent right entitling the holder to receive an amount in cash equal to the value of any cash dividends paid to the holders of the Issuer's common stock during the period in which the restricted stock unit is outstanding. One-half of the restricted stock units will vest on the first anniversary of the date of grant, and the second half of the restricted stock units will vest on the second anniversary of the date of grant, as long as the Reporting Person remains continuously employed through such dates, and may be settled in either cash or shares of common stock.