ENVIRI director converts 15,009 phantom units to stock
ENVIRI Corp director Earl James F exercised deferred compensation in the form of phantom stock units into common shares.
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Form Type
4
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
Exercise
2 txns
Insider
Earl James F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock Units | 15,009 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,009 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock Units — 0 contracts (Direct);
Common Stock — 130,552 shares (Direct)
Footnotes (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: 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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