FANANDAKIS NICHOLAS C 4

What Happened
Nicholas C. Fanandakis, a director of ENVIRI Corp (NVRI), reported the conversion/exercise of 18,309 derivative units into 18,309 common shares on May 7, 2026. The reported per-share price is $0.00, so no cash was paid or received in the transaction (total reported value $0). This was a vesting/conversion of equity awards rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-07. Filing date (Form 4): 2026-05-12 (appears to be filed late relative to the 2-business-day rule).
• Transaction type/code: Derivative conversion/exercise (code M). Price per share reported: $0.00; total reported value: $0.
• Shares acquired/converted: 18,309 shares; concurrently the derivative position of 18,309 units was disposed/converted.
• Shares owned after transaction: Not reported in this Form 4.
• Footnote: The shares represent restricted stock units (RSUs) granted under the 2016 Non‑Employee Directors' Long‑Term Equity Compensation Plan; each RSU vested at the close of business on the first anniversary of the May 7, 2025 grant date.

Context
This was an award vesting/conversion event (RSUs becoming common stock), not a purchase or sale in the open market. Such conversions are routine compensation events for directors and do not by themselves indicate a buy/sell signal. The late filing may be a compliance note for investors tracking timeliness of insider disclosures.