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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Disclosure
In accordance with rules adopted by the Securities and Exchange Commission (“SEC”) pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive “compensation actually paid” (“CAP”) and certain Company performance for the fiscal years listed below. You should refer to our Compensation Discussion & Analysis (“CD&A”) for a complete description of how executive compensation relates to Company performance and how the Compensation Committee makes its decisions.
($’s in Thousands)
 
Year
(1)
 
Summary
Compensation
Table Total
for PEO
(2)
 
Compensation
Actually Paid to
PEO
(3)
 
Average Summary
Compensation
Total for Non-PEO
NEOs
(2)
 
Average
Compensation
Actually Paid for
Non-PEO NEOs
(3)
 
Value of Initial Fixed $100
Investment based on:
 
Net
Income
(6)
 
Company 
Selected 
Measure 
(7)
 
Company
TSR
(4)
 
Peer Group
TSR
(5)
2024
 
$6,266
 
$3,589
 
$2,036
 
$1,637
 
33.46
 
203.37
 
($103,046)
 
$89,547
2023
 
$6,599
 
$7,749
 
$2,132
 
$2,217
 
39.11
 
147.49
 
($84,297)
 
$91,608
2022
 
$5,926
 
($1,399)
 
$1,246
 
$136
 
27.34
 
113.61
 
($176,431)
 
$57,946
2021
 
$5,394
 
$1,521
 
$1,307
 
$858
 
72.62
 
123.67
 
$2,729
 
$41,858
2020
 
$3,793
 
$5,709
 
$1,113
 
$1,268
 
78.14
 
112.44
 
($21,975)
 
$35,177
(1)
Amounts reported per year include only data reported for the NEOs for the corresponding year.
(2)
The amounts reported in this column correspond to the amounts reported in the Company’s Proxy Statement Summary Compensation Table (“SCT”). The PEO in each covered year is Mr. Grasberger. The non-PEO NEOs for whom the average compensation is presented in this table for fiscal year 2025 are Messrs. Vadaketh, Hochman, Beswick, and Ms. Kozak. For 2023, Messrs. Vadaketh, Minan, Hochman, Beswick, and Ms. Kozak, and Mr. Mitchell. For 2022, Messrs. Minan, Aga, Hochman, Mitchell, Ms. Kozak, Mr. Stanton, and Ms. Livingston. For 2021, the NEOs include Messrs. Minan, Aga, Hochman, Stanton, and Ms. Livingston. For 2020, the NEOs include Messrs. Minan, Hochman, Stanton, Ms. Livingston, and Ms. McKenzie.
(3)
PEO and non-PEO NEO CAP was calculated as follows:
 
         
Year
 
Summary Compensation
Table Total
 
Less:
 Grant Date Fair
 
Value per SCT Total Pay
 
Additions To
:
 SCT
 
Total Pay (a)
 
Compensation
Actually Paid
 
F. Nicholas Grasberger III, CEO serving as the PEO
 
 
 
 
2024
 
$6,266,045
 
($
4,381,153)
 
$1,704,164
   
$3,589,056
 
2023
 
$6,598,650
 
($4,374,308)
 
$5,525,031
   
$7,749,373
 
2022
 
$5,926,007
 
($3,938,251)
 
($3,386,836)
   
($1,399,081)
 
2021
 
$5,393,717
 
($3,920,447)
 
$47,772
   
$1,521,043
 
2020
 
$3,793,021
 
($2,173,365)
 
$4,089,080
   
$5,708,736
 
Average of Other NEO’s
 
 
 
 
2024
 
$2,036,377
 
($1,035,406)
 
$635,679
   
$1,636,651
 
2023
 
$2,131,871
 
($915,230)
 
$1,000,131
   
$2,216,771
 
2022
 
$1,245,591
 
($630,208)
 
($479,135)
   
$136,248
 
2021
 
$1,307,238
 
($612,034)
 
$162,649
   
$857,853
 
2020
 
$1,112,707
 
($472,960)
 
$627,920
   
$1,267,667
 
  (a)
The additions to the SCT includes the year-end Fair Market Value (“FMV”) of the awards granted for the applicable year plus or minus the annual change in the FMV as of the year-end for unvested awards granted in prior years as well as plus or minus the change in the FMV as of the date of vesting for awards vested in each applicable year versus the ending stock price of the prior year. The FMV of each PSU grant was estimated on the measurement date using a Monte Carlo pricing model and is reported on the table below. In addition, the FMV for each SAR grant was estimated on the measurement date using a Black Scholes pricing model; details noted below.
 
 
 
 
Performance Share Units
             
Measurement
Dates
 
12/31/2019
 
12/31/2020
 
12/31/2021
 
12/31/2022
 
12/31/2023
 
12/31/2024
 
At Vesting
                             
Award Grant
Date
 
Fair
Value
Price
 
Stock
Price @
Valuation
Date
 
Fair
Value
Price
 
Stock
Price @
Valuation
Date
 
Fair
Value
Price
 
Stock
Price @
Valuation
Date
 
Fair
Value
Price
 
Stock
Price @
Valuation
Date
 
Fair
Value
Price
 
Stock
Price @
Valuation
Date
 
Fair
Value
Price
 
Stock
Price @
Valuation
Date
 
Vesting
Date
 
 Stock 
 Price
(i)
3/2/2018
 
$35.24
 
$23.01
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
12/31/2020
 
 $17.98 
7/30/2018
 
$35.24
 
$23.01
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
12/31/2020
 
 $17.98 
3/6/2019
 
$25.78
 
$23.01
 
$15.71
 
$17.98
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
12/31/2021
 
 $16.71 
3/10/2020
 
 
 
 
 
 
 
$20.69
 
$17.98
 
$6.48
 
$16.71
 
 
 
 
 
 
 
 
 
 
12/31/2022
 
 $6.29 
10/19/2020
 
 
 
 
 
 
 
$20.69
 
$17.98
 
$6.48
 
$16.71
 
 
 
 
 
 
 
 
 
 
12/31/2022
 
 $6.29 
3/1/2021
 
 
 
 
 
 
 
 
 
 
 
 
 
$19.52
 
$16.71
 
$1.26
 
$6.29
 
 
 
 
 
 
 
12/31/2023
 
 $9.00 
3/4/2022
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$3.58
 
$6.29
 
$1.89
 
$9.00
 
 
 
 
 
 
 
12/31/2024
 
 $7.70 
3/7/2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$13.12
 
$9.00
 
$7.67
 
$7.70
 
 
 
 
 
 
5/9/2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$13.12
 
$9.00
 
$7.67
 
$7.70
 
 
 
 
 
 
3/11/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$9.86
 
$7.70
 
 
 
 
 
 
 
Stock Appreciation Rights
             
Grant Date
(ii)
 
Measurement
Date
 
Stock Price At
Measurement
Date
 
Strike Price
 
Risk Free
Rate
 
Volatility
 
Expected
Life
 
Black Scholes 
Fair Value 
3/3/2017
 
12/31/2019
 
$23.01
 
$13.70
 
1.64%
 
45.64%
 
3.68
 
$12.29 
3/3/2017
 
3/3/2020
 
$11.40
 
$13.70
 
0.75%
 
55.49%
 
4.15
 
$4.39 
3/2/2018
 
12/31/2019
 
$23.01
 
$19.80
 
1.66%
 
53.19%
 
4.42
 
$11.24 
3/2/2018
 
3/2/2020
 
$12.18
 
$19.80
 
0.92%
 
51.43%
 
5.71
 
$4.22 
3/2/2018
 
12/31/2020
 
$17.98
 
$19.80
 
0.27%
 
61.39%
 
4.03
 
$7.90 
3/2/2018
 
3/2/2021
 
$17.02
 
$19.80
 
0.47%
 
62.83%
 
4.05
 
$7.45 
7/30/2018
 
12/31/2019
 
$23.01
 
$24.65
 
1.69%
 
51.20%
 
5.11
 
$10.17 
7/30/2018
 
7/30/2020
 
$15.83
 
$24.65
 
0.28%
 
61.33%
 
5.59
 
$6.82 
7/30/2018
 
12/31/2020
 
$17.98
 
$24.65
 
0.38%
 
63.67%
 
5.14
 
$8.25 
7/30/2018
 
7/30/2021
 
$20.12
 
$24.65
 
0.56%
 
61.85%
 
4.21
 
$8.60 
3/6/2019
 
12/31/2019
 
$23.01
 
$22.51
 
1.70%
 
50.99%
 
5.18
 
$10.80 
3/6/2019
 
3/6/2020
 
$10.29
 
$22.51
 
0.69%
 
47.34%
 
7.21
 
$2.97 
3/6/2019
 
12/31/2020
 
$17.98
 
$22.51
 
0.40%
 
63.37%
 
5.27
 
$8.72 
3/6/2019
 
3/6/2021
 
$16.95
 
$22.51
 
0.81%
 
64.52%
 
5.10
 
$8.08 
3/6/2019
 
12/31/2021
 
$16.71
 
$22.51
 
1.21%
 
61.11%
 
4.69
 
$7.19 
3/6/2019
 
3/6/2022
 
$12.65
 
$22.51
 
1.65%
 
61.30%
 
5.20
 
$5.01 
3/10/2020
 
12/31/2020
 
$17.98
 
$10.29
 
0.39%
 
63.45%
 
5.19
 
$11.86 
3/10/2020
 
3/10/2021
 
$18.10
 
$10.29
 
0.68%
 
61.17%
 
4.50
 
$11.44 
3/10/2020
 
12/31/2021
 
$16.71
 
$10.29
 
1.18%
 
61.69%
 
4.44
 
$10.34 
 
 
 
 
Stock Appreciation Rights
             
Grant Date
(ii)
 
Measurement
Date
 
Stock Price At
Measurement
Date
 
Strike Price
 
Risk Free
Rate
 
Volatility
 
Expected
Life
 
Black Scholes 
Fair Value 
3/10/2020
 
3/10/2022
 
$13.46
 
$10.29
 
1.89%
 
65.65%
 
4.00
 
$7.74 
3/10/2020
 
12/31/2022
 
$6.29
 
$10.29
 
3.95%
 
64.86%
 
5.21
 
$2.98 
3/10/2020
 
3/10/2023
 
$7.41
 
$10.29
 
3.99%
 
67.69%
 
4.59
 
$3.69 
10/19/2020
 
12/31/2020
 
$17.98
 
$14.89
 
0.48%
 
61.60%
 
5.80
 
$10.62 
10/19/2020
 
10/19/2021
 
$16.97
 
$14.89
 
1.05%
 
61.00%
 
4.50
 
$8.96 
10/19/2020
 
12/31/2021
 
$16.71
 
$14.89
 
1.26%
 
59.97%
 
5.05
 
$9.09 
10/19/2020
 
10/19/2022
 
$4.51
 
$14.89
 
4.07%
 
63.01%
 
7.10
 
$1.85 
10/19/2020
 
12/31/2022
 
$6.29
 
$14.89
 
3.93%
 
61.42%
 
6.55
 
$2.73 
3/1/2021
 
12/31/2021
 
$16.71
 
$18.58
 
1.31%
 
59.08%
 
5.62
 
$8.49 
3/1/2021
 
3/1/2022
 
$12.01
 
$18.58
 
1.62%
 
63.29%
 
6.27
 
$5.99 
3/1/2021
 
12/31/2022
 
$6.29
 
$18.58
 
3.92%
 
63.66%
 
7.18
 
$2.78 
3/1/2021
 
3/1/2023
 
$8.41
 
$18.58
 
4.15%
 
61.26%
 
6.43
 
$3.75 
3/1/2021
 
12/31/2023
 
$9.00
 
$18.58
 
3.82%
 
64.42%
 
5.67
 
$3.98 
3/1/2021
 
3/1/2024
 
$8.26
 
$18.58
 
4.14%
 
64.45%
 
5.66
 
$3.52 
3/4/2022
 
12/31/2022
 
$6.29
 
$12.65
 
3.91%
 
63.45%
 
7.41
 
$3.34 
3/4/2022
 
3/4/2023
 
$8.37
 
$12.65
 
4.15%
 
61.82%
 
6.19
 
$4.38 
3/4/2022
 
12/31/2023
 
$9.00
 
$12.65
 
3.82%
 
64.47%
 
5.63
 
$4.75 
3/4/2022
 
3/4/2024
 
$8.27
 
$12.65
 
4.17%
 
65.02%
 
5.54
 
$4.24 
3/4/2022
 
12/31/2024
 
$7.70
 
$12.65
 
4.34%
 
66.91%
 
5.20
 
$3.80 
3/7/2023
 
12/31/2023
 
$9.00
 
$7.45
 
3.81%
 
66.53%
 
5.19
 
$5.72 
3/7/2023
 
3/7/2024
 
$8.33
 
$7.45
 
4.08%
 
68.16%
 
4.50
 
$4.98 
3/7/2023
 
12/31/2024
 
$7.70
 
$7.45
 
4.30%
 
58.60%
 
4.43
 
$4.02 
5/9/2023
 
12/13/2023
 
$9.00
 
$9.31
 
3.81%
 
64.92%
 
5.51
 
$5.33 
5/9/2023
 
5/9/2024
 
$8.30
 
$9.31
 
4.42%
 
66.97%
 
5.04
 
$4.75
5/9/2023
 
12/13/2024
 
$7.70
 
$9.31
 
4.35%
 
66.45%
 
5.33
 
$4.36 
3/11/2024
 
12/13/2024
 
$7.70
 
$8.20
 
4.36%
 
66.36%
 
5.47
 
$4.62 
  (i)
Stock Prices reported equal the company’s year-end stock price for the vesting dates noted.
  (ii)
The March 2020 grant FMV was estimated on measurement date using a Monte Carlo simulation because exercise price is greater than the FMV of Enviri Common Stock on the grant date.
(4)
Enviri’s and the Peer Group’s Total Stockholders Return (“TSR”) is based on investing $100 on December 31, 2019.
(5)
The Peer Group utilized is the Dow Jones US Diversified Industrials.
(6)
Amounts reflect the Net Income (Loss) of the Company as reported in the Form 10-K Annual Report for the corresponding fiscal years of 2024, 2023, 2022, 2021 and 2020.
(7)
Amounts reflect the adjusted Enviri Business Unit Contribution (BUC) as reported in the Company’s Proxy Statement for the years 2024, 2023, 2022, 2021 and 2020. For further details, please refer to the “AIP Performance Metrics and Payouts” section in the CD&A.
       
Company Selected Measure Name Business Unit Contribution (BUC)        
Named Executive Officers, Footnote
(2)
The amounts reported in this column correspond to the amounts reported in the Company’s Proxy Statement Summary Compensation Table (“SCT”). The PEO in each covered year is Mr. Grasberger. The non-PEO NEOs for whom the average compensation is presented in this table for fiscal year 2025 are Messrs. Vadaketh, Hochman, Beswick, and Ms. Kozak. For 2023, Messrs. Vadaketh, Minan, Hochman, Beswick, and Ms. Kozak, and Mr. Mitchell. For 2022, Messrs. Minan, Aga, Hochman, Mitchell, Ms. Kozak, Mr. Stanton, and Ms. Livingston. For 2021, the NEOs include Messrs. Minan, Aga, Hochman, Stanton, and Ms. Livingston. For 2020, the NEOs include Messrs. Minan, Hochman, Stanton, Ms. Livingston, and Ms. McKenzie.
       
Peer Group Issuers, Footnote The Peer Group utilized is the Dow Jones US Diversified Industrials.        
PEO Total Compensation Amount $ 6,266,045 $ 6,598,650 $ 5,926,007 $ 5,393,717 $ 3,793,021
PEO Actually Paid Compensation Amount $ 3,589,056 7,749,373 (1,399,081) 1,521,043 5,708,736
Adjustment To PEO Compensation, Footnote
(3)
PEO and non-PEO NEO CAP was calculated as follows:
 
         
Year
 
Summary Compensation
Table Total
 
Less:
 Grant Date Fair
 
Value per SCT Total Pay
 
Additions To
:
 SCT
 
Total Pay (a)
 
Compensation
Actually Paid
 
F. Nicholas Grasberger III, CEO serving as the PEO
 
 
 
 
2024
 
$6,266,045
 
($
4,381,153)
 
$1,704,164
   
$3,589,056
 
2023
 
$6,598,650
 
($4,374,308)
 
$5,525,031
   
$7,749,373
 
2022
 
$5,926,007
 
($3,938,251)
 
($3,386,836)
   
($1,399,081)
 
2021
 
$5,393,717
 
($3,920,447)
 
$47,772
   
$1,521,043
 
2020
 
$3,793,021
 
($2,173,365)
 
$4,089,080
   
$5,708,736
 
Average of Other NEO’s
 
 
 
 
2024
 
$2,036,377
 
($1,035,406)
 
$635,679
   
$1,636,651
 
2023
 
$2,131,871
 
($915,230)
 
$1,000,131
   
$2,216,771
 
2022
 
$1,245,591
 
($630,208)
 
($479,135)
   
$136,248
 
2021
 
$1,307,238
 
($612,034)
 
$162,649
   
$857,853
 
2020
 
$1,112,707
 
($472,960)
 
$627,920
   
$1,267,667
 
       
Non-PEO NEO Average Total Compensation Amount $ 2,036,377 2,131,871 1,245,591 1,307,238 1,112,707
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,636,651 2,216,771 136,248 857,853 1,267,667
Adjustment to Non-PEO NEO Compensation Footnote
(3)
PEO and non-PEO NEO CAP was calculated as follows:
 
         
Year
 
Summary Compensation
Table Total
 
Less:
 Grant Date Fair
 
Value per SCT Total Pay
 
Additions To
:
 SCT
 
Total Pay (a)
 
Compensation
Actually Paid
 
F. Nicholas Grasberger III, CEO serving as the PEO
 
 
 
 
2024
 
$6,266,045
 
($
4,381,153)
 
$1,704,164
   
$3,589,056
 
2023
 
$6,598,650
 
($4,374,308)
 
$5,525,031
   
$7,749,373
 
2022
 
$5,926,007
 
($3,938,251)
 
($3,386,836)
   
($1,399,081)
 
2021
 
$5,393,717
 
($3,920,447)
 
$47,772
   
$1,521,043
 
2020
 
$3,793,021
 
($2,173,365)
 
$4,089,080
   
$5,708,736
 
Average of Other NEO’s
 
 
 
 
2024
 
$2,036,377
 
($1,035,406)
 
$635,679
   
$1,636,651
 
2023
 
$2,131,871
 
($915,230)
 
$1,000,131
   
$2,216,771
 
2022
 
$1,245,591
 
($630,208)
 
($479,135)
   
$136,248
 
2021
 
$1,307,238
 
($612,034)
 
$162,649
   
$857,853
 
2020
 
$1,112,707
 
($472,960)
 
$627,920
   
$1,267,667
 
       
Compensation Actually Paid vs. Total Shareholder Return
CAP and Cumulative TSR / Cumulative TSR of the Peer Group
 
 
LOGO
       
Compensation Actually Paid vs. Net Income
CAP and Company Net Income
 
 
LOGO
       
Compensation Actually Paid vs. Company Selected Measure
CAP and BUC
For more information a
bou
t BUC, please refer to the “AIP Performance Metrics and Payout” section in the CD&A.
 
 
LOGO
       
Total Shareholder Return Vs Peer Group
CAP and Cumulative TSR / Cumulative TSR of the Peer Group
 
 
LOGO
       
Tabular List, Table
Tabular List of Most Important Financial Performance Measures
In our assessment, the most important financial performance measures used to link CAP (as calculated in accordance with the SEC rules), to our NEOs in 2024 to our performance were:
 
  Tabular List of Most Important Financial Measures Used for

  Determining NEO Pay
Business Unit Contribution – (“BUC”)
Relative Total Stockholder Return – (“rTSR”)
       
Total Shareholder Return Amount $ 33,460 39,110 27,340 72,620 78,140
Peer Group Total Shareholder Return Amount 203,370 147,490 113,610 123,670 112,440
Net Income (Loss) $ (103,046,000) $ (84,297,000) $ (176,431,000) $ 2,729,000 $ (21,975,000)
Company Selected Measure Amount 89,547,000 91,608,000 57,946,000 41,858,000 35,177,000
PEO Name Mr. Grasberger        
Measure:: 1          
Pay vs Performance Disclosure          
Name Business Unit Contribution – (“BUC”)        
Measure:: 2          
Pay vs Performance Disclosure          
Name Relative Total Stockholder Return – (“rTSR”)        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (4,381,153) $ (4,374,308) $ (3,938,251) $ (3,920,447) $ (2,173,365)
PEO | SCT Total Pay [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,704,164 5,525,031 (3,386,836) 47,772 4,089,080
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,035,406) (915,230) (630,208) (612,034) (472,960)
Non-PEO NEO | SCT Total Pay [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 635,679 $ 1,000,131 $ (479,135) $ 162,649 $ 627,920