HAZNEDAR CAROLANN I 4

What Happened Carolann Haznedar, a director of ENVIRI Corp (NVRI), had 83,047 phantom stock units settle into 83,047 shares of Enviri common stock on May 18, 2026. The Form 4 reports an exercise/conversion of a derivative (code M) resulting in 83,047 shares acquired at $0.00 (total value $0) and the corresponding 83,047 derivative units disposed (conversion). This was a settlement of deferred compensation tied to the company’s sale of its Clean Earth division, not an open-market purchase or sale.

Key Details

• Transaction date: May 18, 2026; reported on Form 4 filed May 20, 2026 (timely filing).
• Instrument/Code: M (exercise/conversion of derivative); acquisition price reported $0.00 per share; total reported cash consideration $0.
• Shares received: 83,047 common shares (one share settled per phantom stock unit, per footnote).
• Shares owned after transaction: not specified in the supplied filing details.
• Footnote: F1 — Settlement of deferred compensation held as phantom stock units in connection with Enviri’s sale of its Clean Earth division; each unit converted to one share on May 18, 2026.

Context This was a conversion/settlement of deferred compensation (phantom stock units) into common shares rather than a market purchase or sale. The filing shows no cash exchanged and does not indicate any immediate open-market sale of the newly issued shares. Such settlements commonly reflect compensation or corporate transaction mechanics and are not, by themselves, a clear signal of the insider’s market view.