HAZNEDAR CAROLANN I 4

What Happened

• Director Carolann Haznedar had 18,309 restricted stock units (RSUs) vest on May 7, 2026. The filing shows a conversion/exercise of derivative instruments for 18,309 shares at $0.00 (transaction code M, reported as disposed) and a contemporaneous acquisition/grant of 18,309 derivative units at $0.00 (transaction code A). No cash changed hands; total reported value = $0.

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 12, 2026.
• Transactions: M (conversion/exercise of derivative) — 18,309 @ $0.00 (disposed); A (award/acquisition) — 18,309 @ $0.00 (acquired).
• Reported monetary value: $0 (exercise price $0.00).
• Shares owned after transaction: not specified in the excerpts provided in this summary.
• Footnotes: F1 — these were RSUs granted under the 2016 Non‑Employee Directors' Long‑Term Equity Compensation Plan that vested on the first anniversary of the May 7, 2025 grant; F2 — the vested RSUs were deferred as phantom stock units (deferred compensation) that will be settled in one share of Enviri common stock within 30 days before the closing of Enviri’s sale of its Clean Earth division.
• Filing timeliness: Form filed May 12, 2026 for a May 7, 2026 transaction; the filing date is shown in the SEC record above.

Context

• This was not an open‑market buy or sale; it reflects routine director compensation vesting and an election to defer payout as phantom stock units. Such awards are common for non‑employee directors and do not necessarily indicate a purchase-driven bullish signal. The phantom units will convert to shares only upon a specified corporate event (settlement tied to the Clean Earth division sale).