LAURION TIMOTHY M 4

What Happened

• Timothy M. Laurion, a director of ENVIRI Corp (NVRI), recorded the conversion of 18,309 restricted stock units (RSUs) into 18,309 common shares on May 7, 2026. The conversion was reported as derivative exercise/conversion (code M) with a reported acquisition price of $0.00 — no cash changed hands.
• The filing also shows a corresponding derivative disposition line for 18,309 units (code M) which reflects the conversion/cancellation of the RSU instrument. Total value of the transaction was $0 (shares issued upon vesting).

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-12 (appears to be filed late under the Form 4 2-business-day rule).
• Price: $0.00 per share (RSUs converted into common shares upon vesting).
• Shares converted/issued: 18,309.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The shares represent RSUs granted under the 2016 Non-Employee Directors' Long-Term Equity Compensation Plan; each unit vested at the close of business on the first anniversary of the May 7, 2025 grant date.
• Transaction code meaning: M = exercise or conversion of a derivative (in this case, RSU conversion).

Context

• This transaction is a routine vesting of director compensation (an award converting to common shares) rather than an open-market purchase or sale; it does not signal an outlay of cash by the insider nor an immediate sale.
• For retail investors, vested RSUs becoming common shares increase the insider's share count but are generally considered compensation-related rather than a direct bullish or bearish trading signal.