secwatch.observer — SEC 8-K summary
======================================

Issuer:     ENVIRI Corp (NVRI)
CIK:        0000045876
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0000045876-25-000120
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enviri accelerates PSUs for CEO and NEOs as part of Clean Earth sale to Veolia
------------------------------------------------------------------------------

- CEO Grasberger receives accelerated vesting of 432,920 (2024) and 630,766 (2025) PSUs effective Dec 17, 2025.
- Other NEOs (Vadaketh, Hochman, Beswick, Kozak) also receive accelerated PSUs with specific share counts.
- Acceleration conditioned on Clawback Agreements: PSUs must be repaid if Merger Agreement terminates or executive leaves before close.
- Clawback also triggers if executive violates restrictive covenants; repayment amount reduced by taxes paid.
- Move mitigates potential Section 280G excise tax consequences for company and executives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45876/000004587625000120/0000045876-25-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45876/000004587625000120/hsc-20251215.htm
  HTML page:      https://secwatch.observer/filing/0000045876-25-000120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer