Russell C. Hochman - Mar 11, 2024 Form 4 Insider Report for ENVIRI Corp (NVRI)

Role
SVP, GC, CCO and Corp. Sec.
Signature
/s/ Russell C. Hochman
Stock symbol
NVRI
Transactions as of
Mar 11, 2024
Transactions value $
$0
Form type
4
Date filed
3/13/2024, 04:54 PM
Previous filing
Mar 11, 2024

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 NVRI Restricted Stock Units Award $0 +35.3K +116.99% $0.00 65.5K Mar 11, 2024 Common Stock 35.3K Direct F1
transaction NVRI Performance Share Units Award $0 +35.3K $0.00 35.3K Mar 11, 2024 Common Stock 35.3K Direct F2
transaction NVRI Stock Appreciation Rights Award $0 +57.5K $0.00 57.5K Mar 11, 2024 Common Stock 57.5K $8.20 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units granted under the 2013 Equity and Incentive Compensation Plan represent a contingent right to receive Enviri common stock on a one-for-one basis when the restricted stock units vest. The restricted stock units vest in one-third increments on each of the first three anniversaries of the date of the grant.
F2 Each performance share unit represents a contingent right to receive the equivalent of one share of Enviri common stock. The performance share units vest based on the total shareholder return of Enviri common stock relative to the S&P 600 Industrials Index. The performance share units vest on 12/31/2026.
F3 The stock appreciation rights vest in one-third increments on each of the first three anniversaries of the date of grant.