Enviri director receives 83,047 shares via conversion

ENVIRI Corp director Carolann I. Haznedar converted deferred compensation into common stock through the settlement of phantom stock units.

Rhea-AI Filing Summary

ENVIRI Corp director Carolann I. Haznedar converted deferred compensation into common stock through the settlement of phantom stock units. On May 18, 2026, 83,047 phantom stock units were settled on a one-for-one basis into 83,047 shares of Enviri common stock in connection with the sale of its Clean Earth division.

Following this non-cash derivative exercise, Haznedar directly holds 95,491 shares of Enviri common stock. The activity reflects compensation-related settlement rather than an open-market purchase or sale.

Insider Trade Summary

83,047 shares exercised/converted

Exercise 2 txns

Insider HAZNEDAR CAROLANN I

Role Director

Type	Security	Shares	Price	Value
Exercise	Phantom Stock Units	83,047	$0.00	$0.00
Exercise	Common Stock	83,047	$0.00	$0.00

Holdings After Transaction: Phantom Stock Units — 0 contracts (Direct); Common Stock — 95,491 shares (Direct)

Footnotes (1)

1. F1. Represents the settlement of deferred compensation, held in the form of phantom stock units, in connection with Enviri's sale of its Clean Earth division. Each phantom stock unit settled in one share of Enviri common stock on May 18, 2026.

Key Figures

Phantom units settled: 83,047 units Shares received: 83,047 shares Post-transaction holdings: 95,491 shares +2 more

5 metrics

Phantom units settled 83,047 units Converted into Enviri common stock on May 18, 2026

Shares received 83,047 shares Common stock issued upon settlement of phantom stock units

Post-transaction holdings 95,491 shares Direct Enviri common stock held by Haznedar after conversion

Derivative exercises 1 transaction Exercise or conversion of derivative security on May 18, 2026

Derivative shares exercised 83,047 shares ExerciseShares in transaction summary for phantom unit conversion

Key Terms

Phantom Stock Units, deferred compensation, derivative security

3 terms

Phantom Stock Units financial

"Represents the settlement of deferred compensation, held in the form of phantom stock units, in connection with Enviri's sale of its Clean Earth division."

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

deferred compensation financial

"Represents the settlement of deferred compensation, held in the form of phantom stock units, in connection with Enviri's sale of its Clean Earth division."

Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Enviri (NVRI) report for Carolann Haznedar?

Enviri reported that director Carolann I. Haznedar settled 83,047 phantom stock units into an equal number of common shares. The transaction reflects conversion of deferred compensation, not an open-market stock purchase or sale, and increased her direct share ownership.

How many Enviri (NVRI) shares did Carolann Haznedar receive in this Form 4?

Carolann Haznedar received 83,047 Enviri common shares through settlement of phantom stock units. Each phantom unit converted into one share of common stock on May 18, 2026, as part of deferred compensation tied to the company’s sale of its Clean Earth division.

What are phantom stock units in the context of Enviri (NVRI)?

For Enviri, phantom stock units represented deferred compensation whose value tracked the company’s common stock. On May 18, 2026, 83,047 such units were settled, with each unit converting into one share of Enviri common stock for director Carolann Haznedar.

Is the Enviri (NVRI) insider transaction a market buy or sell?

The transaction is not a market buy or sell. It is an exercise and settlement of 83,047 phantom stock units, converting deferred compensation into Enviri common shares, rather than an open-market purchase or sale on an exchange.

How many Enviri (NVRI) shares does Carolann Haznedar hold after the transaction?

After the phantom stock unit settlement, Carolann Haznedar directly holds 95,491 Enviri common shares. This post-transaction balance reflects the addition of 83,047 shares received from converting her deferred compensation units into stock.

What corporate event is linked to Enviri (NVRI) phantom stock settlement?

The phantom stock settlement is linked to Enviri’s sale of its Clean Earth division. Deferred compensation held as phantom stock units was settled on May 18, 2026, with each unit converting into one share of Enviri common stock for the reporting director.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/20/2026 - 01:44 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HAZNEDAR CAROLANN I

(Last) (First) (Middle)

TWO LOGAN SQUARE

100-120 N. 18TH STREET, 17TH FLOOR

(Street)

PHILADELPHIA PENNSYLVANIA 19103

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ENVIRI Corp [ NVRI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/18/2026		M		83,047	A	$0	95,491	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)	05/18/2026		M			83,047	(1)	(1)	Common Stock	83,047	$0	0	D

Explanation of Responses:

1. Represents the settlement of deferred compensation, held in the form of phantom stock units, in connection with Enviri's sale of its Clean Earth division. Each phantom stock unit settled in one share of Enviri common stock on May 18, 2026.

Remarks:

	/s/ Carolann I. Haznedar	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)