Earl James F 4

What Happened

Earl James F, a director of ENVIRI Corp (NVRI), had 15,009 phantom stock units settle into 15,009 shares of Enviri common stock on May 18, 2026. The Form 4 reports an acquisition of 15,009 shares at $0.00 (code M: exercise/conversion of derivative) and a corresponding derivative disposition line for 15,009 shares at $0.00. No cash was paid in connection with the settlement.

Key Details

• Transaction date: May 18, 2026; Form 4 filed: May 20, 2026 (timely filing).
• Reported price: $0.00 per share; total reported cash value: $0.
• Shares acquired: 15,009 (via conversion/settlement of phantom units).
• Derivative disposition: same quantity (15,009) also recorded as a derivative conversion/disposition on the same date.
• Footnote: F1 — These shares represent settlement of deferred compensation held as phantom stock units in connection with Enviri’s sale of its Clean Earth division; each phantom unit settled into one share on May 18, 2026.
• Shares owned after the transaction: not specified in the provided filing.

Context

This was a settlement of deferred compensation (phantom stock converting into common shares), not an open‑market purchase or sale. Such settlements are routine compensation events and do not necessarily signal insider sentiment about the company’s stock. The Form 4 shows the mechanics (conversion of derivative/phantom units) rather than a cash transaction or a market sale.