Director at ENVIRI Corp (NVRI) converts 15,009 phantom stock units into common shares

Rhea-AI Filing Summary

ENVIRI Corp director Earl James F exercised deferred compensation in the form of phantom stock units into common shares. On May 18, 2026, 15,009 phantom stock units were settled into 15,009 shares of ENVIRI common stock in connection with the sale of Enviri's Clean Earth division.

After this non-cash settlement, James directly holds 130,552 shares of ENVIRI common stock. The filing reflects a compensation-related conversion of a derivative award rather than an open-market purchase or sale.

Insider Trade Summary

15,009 shares exercised/converted

Mixed 2 txns

Insider Earl James F

Role null

Type	Security	Shares	Price	Value
Exercise	Phantom Stock Units	15,009	$0.00	--
Exercise	Common Stock	15,009	$0.00	--

Holdings After Transaction: Phantom Stock Units — 0 shares (Direct, null); Common Stock — 130,552 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Phantom units exercised: 15,009 units Common shares received: 15,009 shares Holdings after transaction: 130,552 shares +2 more

5 metrics

Phantom units exercised 15,009 units Phantom stock units settled into common stock on May 18, 2026

Common shares received 15,009 shares Shares of ENVIRI common stock received upon settlement

Holdings after transaction 130,552 shares ENVIRI common stock directly held by Earl James F after settlement

Exercise transactions 1 exercise Single derivative exercise/conversion event reported in Form 4

Exercise price per unit $0.00 per unit Non-cash settlement of phantom stock units

Key Terms

Phantom Stock Units, deferred compensation, derivative security, Common Stock

4 terms

Phantom Stock Units financial

"Represents the settlement of deferred compensation, held in the form of phantom stock units"

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"

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.

Common Stock financial

"Each phantom stock unit settled in one share of Enviri common stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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^*

Earl James F

(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		15,009	A	$0	130,552	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			15,009	(1)	(1)	Common Stock	15,009	$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/ James F. Earl	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)

FAQ

What insider transaction did ENVIRI Corp (NVRI) report for Earl James F?

ENVIRI reported that director Earl James F settled 15,009 phantom stock units into 15,009 shares of common stock. This reflects deferred compensation being converted to equity rather than an open-market trade, tied to the sale of Enviri's Clean Earth division.

How many ENVIRI Corp (NVRI) shares does Earl James F hold after this Form 4?

Following the settlement, Earl James F directly holds 130,552 shares of ENVIRI common stock. This position reflects his equity stake after converting 15,009 phantom stock units into common shares as part of a deferred compensation arrangement.

Was the ENVIRI Corp (NVRI) Form 4 an open-market buy or sell?

The Form 4 does not show any open-market buy or sell. It records a non-cash exercise of 15,009 phantom stock units into the same number of common shares, classified as an exercise or conversion of a derivative security.

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

Phantom stock units are a form of deferred compensation that tracks the value of common shares. In this case, each of the 15,009 phantom stock units settled into one share of ENVIRI common stock on May 18, 2026.

Why did ENVIRI Corp (NVRI) settle phantom stock units on May 18, 2026?

The footnote explains that the phantom stock units were settled in connection with Enviri's sale of its Clean Earth division. On May 18, 2026, each of the 15,009 phantom stock units converted into one share of common stock.