LAURION TIMOTHY M 4

What Happened

• Timothy M. Laurion, a director of Enviri Corp (NVRI), disposed of 47,760 shares of the Issuer on June 1, 2026. The Form 4 reports the disposition to the issuer at $0.00 (transaction code D), but per transaction terms Laurion received cash consideration of $15.00 per share (total cash ≈ $716,400) and was allocated New Enviri common stock at a ratio of 1 New Enviri share for every 3 Enviri shares (15,920 New Enviri shares).

Key Details

• Transaction date: June 1, 2026; Form filed: June 2, 2026 (timely).
• Form 4 line price: $0.00 (reported as disposition to issuer due to corporate transaction).
• Cash consideration received: $15.00 per NVRI share → 47,760 × $15.00 = $716,400.
• New Enviri shares received: 1 New Enviri share per 3 NVRI shares → 47,760 / 3 = 15,920 New Enviri shares.
• Shares owned after transaction: Reporting person disposed of all Issuer (NVRI) shares held immediately prior to the Holding Company Merger (no remaining Issuer common stock); now holds New Enviri stock and received cash.
• Relevant footnotes: Transactions occurred under a Merger Agreement and Separation Agreement (see F1–F4), including a Holding Company Merger, a Reorganization, a Distribution of New Enviri stock, and a Merger resulting in cash consideration.

Context

• This was not an open-market sale by the director but part of a corporate restructuring (merger/reorganization) that converted Issuer shares into New Enviri stock and cash. The Form 4 records a disposition-to-issuer (D), which is why the per-share line shows $0.00 even though cash and new shares were received as described in the filing. This is a transactional conversion, not necessarily an indication of personal trading intent.