ENVIRI Corp (NVRI) director exits 40,140 shares in merger and cash payout
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Quinn John S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 40,140 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- 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). 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 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). 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
Shares disposed: 40,140 shares
Post-transaction holdings: 0 shares
Cash consideration per share: $15.00 per share
+1 more
4 metrics
Shares disposed
40,140 shares
Common Stock, disposition to issuer on June 1, 2026
Post-transaction holdings
0 shares
Total ENVIRI common stock following disposition
Cash consideration per share
$15.00 per share
Merger cash consideration for each prior ENVIRI share
Stock exchange ratio
1 New Enviri share per 3 ENVIRI shares
Distribution of New Enviri common stock
Key Terms
Agreement and Plan of Merger, Separation Agreement, Reorganization, Distribution, +1 more
5 terms
Agreement and Plan of Merger regulatory
"that certain Agreement and Plan of Merger, dated as of November 20, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Separation Agreement regulatory
"that certain Separation Agreement, dated as of November 20, 2025"
A separation agreement is a written contract that spells out the financial and legal terms when an employee and a company part ways, such as final pay, severance, continued benefits, confidentiality, and any release of claims. For investors, it matters because these agreements determine immediate costs, potential future liabilities, and whether departing staff are restricted from competing or disclosing information—factors that can affect a company’s cash flow, risk profile, and leadership continuity.
Reorganization financial
"CLEH and its subsidiaries ... effected a reorganization (the Reorganization)"
Distribution financial
"CLEH distributed all of the outstanding shares of New Enviri common stock ... (the Distribution)"
A distribution is a payment or transfer of value from a company, fund, or trust to its shareholders or unit holders, commonly made in cash, additional shares, or other assets. Investors care because distributions provide income, reflect how much cash a business or fund can return to owners, can influence yield and taxable income, and often affect the share price much like a store handing out a portion of its profits to customers.
cash consideration financial
"received ... in the Merger, cash consideration of $15.00 per share"
Cash consideration is the actual money paid to buy a company, asset, or stake rather than payment in shares or other forms. For investors it matters because cash payments deliver immediate, certain value and affect the buyer’s and seller’s cash reserves and balance sheets—like selling a car for cash versus taking a trade-in, one side gets instant spending power while the other changes its liquidity and risk profile.
FAQ
What insider transaction did ENVIRI Corp (NVRI) report for John S. Quinn?
ENVIRI Corp reported that director John S. Quinn disposed of 40,140 common shares. The transaction was a disposition to the issuer tied to a merger and reorganization, not an open-market sale, and reduced his direct ENVIRI holdings to zero.
Was the ENVIRI Corp (NVRI) Quinn transaction an open-market sale?
No, the transaction was not an open-market sale. It was coded as a disposition to the issuer, occurring as part of a multi-step merger, reorganization, distribution and merger consideration process rather than a discretionary market trade.
How were ENVIRI Corp (NVRI) corporate transactions linked to this Form 4?
The Form 4 is tied to several coordinated corporate transactions. These include a holding company merger into Enviri LLC, a reorganization, a pro rata distribution of New Enviri shares, and a subsequent merger where shareholders received $15.00 per share in cash.
Did John S. Quinn retain any ENVIRI Corp (NVRI) derivative positions?
The filing shows no remaining derivative positions for Quinn. The derivative section is empty, and the transaction left him with 0 ENVIRI common shares directly, indicating no continuing derivative exposure reported in this Form 4.