ENVIRI director settles 34,334 phantom units

ENVIRI Corp director John S. Quinn exercised phantom stock units into common shares as part of deferred compensation.

Rhea-AI Filing Summary

ENVIRI Corp director John S. Quinn exercised phantom stock units into common shares as part of deferred compensation. On May 18, 2026, he converted 34,334 phantom stock units into 34,334 shares of ENVIRI common stock in connection with the company’s sale of its Clean Earth division. Following this exercise, Quinn directly holds 40,140 shares of ENVIRI common stock. The transaction reflects settlement of previously deferred compensation rather than an open-market stock purchase or sale.

Insider Trade Summary

34,334 shares exercised/converted

Exercise 2 txns

Insider Quinn John S

Role Director

Type	Security	Shares	Price	Value
Exercise	Phantom Stock Units	34,334	$0.00	$0.00
Exercise	Common Stock	34,334	$0.00	$0.00

Holdings After Transaction: Phantom Stock Units — 0 contracts (Direct); Common Stock — 40,140 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 exercised: 34,334 units Common shares acquired: 34,334 shares Shares owned after transaction: 40,140 shares

3 metrics

Phantom units exercised 34,334 units Phantom stock units settled into ENVIRI common stock on May 18, 2026

Common shares acquired 34,334 shares ENVIRI common stock received from phantom stock unit settlement

Shares owned after transaction 40,140 shares ENVIRI common stock held directly by John S. Quinn after settlement

Key Terms

phantom stock units, deferred compensation, derivative security, Clean Earth division

4 terms

phantom stock units financial

"held in the form of phantom stock units, in connection with Enviri's sale"

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"

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.

Clean Earth division other

"in connection with Enviri's sale of its Clean Earth division."

FAQ

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

What insider transaction did ENVIRI Corp (NVRI) director John S. Quinn report?

John S. Quinn reported exercising phantom stock units into ENVIRI common stock. On May 18, 2026, he converted 34,334 phantom stock units into 34,334 shares as part of a deferred compensation settlement tied to the sale of ENVIRI’s Clean Earth division.

How many ENVIRI (NVRI) shares did John S. Quinn acquire in this Form 4 filing?

Quinn acquired 34,334 ENVIRI common shares through a derivative exercise. Each phantom stock unit settled one-for-one into a share of common stock on May 18, 2026, reflecting previously earned deferred compensation rather than a market purchase of new shares.

What are phantom stock units in ENVIRI (NVRI) director Quinn’s Form 4?

Phantom stock units are deferred compensation instruments tracking ENVIRI’s common stock value. Quinn’s 34,334 phantom units were settled in connection with the Clean Earth division sale, with each unit converting into one share of ENVIRI common stock on May 18, 2026.

How many ENVIRI (NVRI) shares does John S. Quinn own after this transaction?

After the transaction, Quinn directly owns 40,140 ENVIRI common shares. This post-transaction holding reflects the addition of 34,334 shares from the phantom stock unit settlement, combined with his previously held ENVIRI shares reported in the Form 4.

Was ENVIRI (NVRI) director Quinn’s Form 4 transaction an open-market buy or sell?

The transaction was not an open-market buy or sell. It was the exercise and settlement of 34,334 phantom stock units into common shares as deferred compensation, triggered by ENVIRI’s sale of its Clean Earth division, with no reported open-market trading activity.

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

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Accepted by SEC EDGAR 05/20/2026 - 01:38 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^*

Quinn John S

(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		34,334	A	$0	40,140	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			34,334	(1)	(1)	Common Stock	34,334	$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/ John S. Quinn	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)