Form 4: Enviri Corp Acquisition and Reorganization Completion

Director Carolann I. Haznedar reports the disposal of Enviri Corp shares following the completion of the company's merger and reorganization.

Summary

• Director Carolann I. Haznedar disposed of 95,491 shares of Enviri Corp (NVRI) common stock on June 1, 2026.
• The disposal was part of a complex merger and reorganization involving Veolia Environment S.A.
• Shareholders received $15.00 per share in cash as part of the merger consideration.
• Shareholders also received one share of New Enviri common stock for every three shares of Enviri Corp previously held.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing confirming the completion of a previously announced corporate transaction.

Positives

• Shareholders received a cash consideration of $15.00 per share.
• The transaction provides liquidity to shareholders through the cash component of the merger.

Negatives

• The reporting person no longer holds any direct interest in the original Enviri Corp entity.
• The company has ceased to exist as an independent publicly traded entity under its previous structure.

Risks

• Integration risks associated with the merger into Veolia Environment S.A.
• Operational risks related to the separation of the Clean Earth segment from the Harsco Environmental and Rail segments.

Future Outlook

The company has been acquired by Veolia Environment S.A. and has undergone a significant reorganization, separating its business segments into different entities.

Industry Context

StockSavvy.ai notes that this transaction represents a significant consolidation in the environmental services sector, with Veolia expanding its footprint by acquiring Enviri's specialized environmental and rail segments.

Comparison to Industry Standards

• The $15.00 per share cash consideration is a definitive exit event for public shareholders.
• The structural separation of business segments (Clean Earth vs. Harsco Environmental/Rail) is a common strategy in industrial conglomerates to unlock value.

Stakeholder Impact

• Shareholders have been cashed out of their positions in the original entity.
• Shareholders have received equity in a new, separated entity (New Enviri).

Next Steps

• Finalization of the integration of Enviri Corp assets into Veolia Environment S.A.
• Commencement of operations for the newly separated New Enviri entity.

Key Dates

Keywords

Enviri Corp, NVRI, Merger, Acquisition, Veolia, Form 4, Reorganization