Minan Peter Francis 4

What Happened
Peter Francis, Executive Vice President & Chief Financial Officer of Enviri Corp (NVRI), reported an acquisition of 8,333 shares on a Form 4 covering a 2026-06-05 transaction. The reported price was $19.25 per share for a total reported value of $160,410. The filing notes that 8,101 of those shares were received in a pro rata distribution from CLEH, Inc. on June 1, 2026, rather than purchased directly in the open market.

Key Details

• Transaction date: 2026-06-05; Filed with SEC: 2026-06-08 (appears timely under the 2-business-day rule).
• Transaction type/code: P = Purchase. Price: $19.25; Total value reported: $160,410.
• Footnote: Includes 8,101 shares acquired June 1, 2026 via a pro rata distribution by CLEH, Inc. (distribution of CLEH's outstanding Enviri shares to CLEH stockholders).
• Net likely open-market cash purchase portion: 8,333 − 8,101 = 232 shares (implied by the footnote and total) — most of the reported acquisition was a distribution, not a market buy.
• Shares owned after transaction: not specified in the filing.
• No 10b5-1 plan, tax-withholding, or late-filing flags disclosed in this Form 4.

Context
Purchases by executives can be viewed positively by investors, but in this case the large majority of the reported shares were received via a corporate distribution from CLEH rather than an outright market purchase. That distinction matters because distributions transfer existing shares rather than signaling a fresh personal cash investment in the open market.