ENVIRI director disposes 40,140 shares in merger
ENVIRI Corp director John S. Quinn reported a disposition of 40,140 shares of common stock back to the company in connection with a larger merger and reorganization.
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Rhea-AI Filing Summary
ENVIRI Corp director John S. Quinn reported a disposition of 40,140 shares of common stock back to the company in connection with a larger merger and reorganization. The Form 4 shows this as a disposition to the issuer, leaving him with 0 ENVIRI Corp shares directly. According to the described transactions, his former ENVIRI holdings were exchanged so that he ultimately received one share of New Enviri common stock for every three ENVIRI shares previously held, plus cash consideration of $15.00 per share as part of a merger involving CLEH, Enviri LLC, New Enviri and Veolia Environment S.A.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 40,140 | $0.00 | $0.00 |
Footnotes (4)
- F1. The Issuer is party to (x) that certain Agreement and Plan of Merger, dated as of November 20, 2025 (the "Merger Agreement"), by and among the Issuer, CLEH, Inc. (CLEH), Enviri LLC (Enviri LLC), Veolia Environment S.A. (Buyer) and Liberty Merger Sub Inc. (Merger Sub), and (y) that certain Separation Agreement, dated as of November 20, 2025 (the Separation Agreement), by and among the Company, CLEH, Buyer and Enviri II Corporation (New Enviri).
- F2. On June 1, 2026, pursuant to the terms of the Merger Agreement and the Separation Agreement, a series of transactions occurred, including: (i) the Issuer merged with and into Enviri LLC, with Enviri LLC being the surviving entity of such merger, and each outstanding share of common stock of the Issuer was exchanged for one share of common stock, par value $1.25 per share, of CLEH (the Holding Company Merger), and (ii) following the Holding Company Merger, CLEH and its subsidiaries, including Enviri LLC and New Enviri, effected a reorganization (the Reorganization), resulting in (x) CLEH holding the Clean Earth segment of the Issuer and all the outstanding shares of common stock, par value $0.00001 per share, of New Enviri (New Enviri Common Stock), (y) New Enviri owning all of the equity interests of Enviri LLC and (z) Enviri LLC holding the Harsco Environmental and Rail segments of the Issuer
- F3. Also on June 1, 2026, (i) following the Reorganization, CLEH distributed all of the outstanding shares of New Enviri common stock to the stockholders of CLEH (the former stockholders of the Issuer) on a pro rata basis (the Distribution); and (ii) immediately after the Distribution, Merger Sub, a wholly owned subsidiary of Buyer, merged with and into CLEH, with CLEH surviving as an indirect wholly owned subsidiary of Buyer (the Merger).
- F4. In connection with the Holding Company Merger, Reorganization and Merger (collectively, the Transactions), the reporting person disposed of all of the shares of the Issuer held by the reporting person immediately prior to the effective time of the Holding Company Merger and, ultimately, received (x) in the Distribution, one share of New Enviri common stock in respect of every three shares of the Issuer previously held, and (y) in the Merger, cash consideration of $15.00 per share.
Key Figures
Key Terms
Agreement and Plan of Merger regulatory
Separation Agreement regulatory
Reorganization financial
Distribution financial
cash consideration financial
FAQ
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What insider transaction did ENVIRI Corp (NVRI) report for John S. Quinn?
Was the ENVIRI Corp (NVRI) Quinn transaction an open-market sale?
How were ENVIRI Corp (NVRI) corporate transactions linked to this Form 4?
Did John S. Quinn retain any ENVIRI Corp (NVRI) derivative positions?
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