Quinn John S 4

What Happened

• John S. Quinn, a director of ENVIRI Corp (NVRI), received 34,334 shares on May 18, 2026. The filing shows an "M" transaction (exercise/conversion of a derivative) with an acquisition of 34,334 shares at $0.00 and a corresponding disposition of the derivative instrument for 34,334 shares at $0.00. No cash was paid for the shares; the total reported value is $0.
• This was not an open-market purchase or a sale — it was the settlement/conversion of deferred compensation (phantom stock units) into common stock, which is generally a routine compensation settlement rather than a market signal.

Key Details

• Transaction date: May 18, 2026; Form 4 filed May 20, 2026 (timely within the two-business-day rule).
• Transaction type/code: M = exercise/conversion of derivative; acquisition recorded as 34,334 shares at $0.00 and derivative disposition of 34,334 units at $0.00.
• Shares owned after transaction: Not reported in the provided data.
• Footnote: F1 states these shares represent settlement of deferred compensation held as phantom stock units; each unit settled into one share in connection with ENVIRI's sale of its Clean Earth division.
• Filing timeliness: Filed promptly (not marked late).

Context

• For retail investors: this is a conversion of compensation units into shares, not a purchase funded by the insider nor a sale of shares into the market. Such settlements are common when companies pay deferred compensation in stock and do not necessarily indicate insider buying or selling intent.
• The dual entries (acquisition of stock and disposition of a derivative) reflect the mechanics of converting phantom units into actual shares rather than a market trade.