Form 4: Enviri Corp Director Carolann I. Haznedar Reports Acquisition of Restricted and Phantom Stock Units

Director Carolann I. Haznedar reports the acquisition of restricted stock units and phantom stock units in Enviri Corp under the 2016 Non-Employee Directors' Long-Term Equity Compensation Plan.

Summary

• Carolann I. Haznedar, a director of Enviri Corp, filed a Form 4 reporting changes in beneficial ownership.
• The report details the acquisition of 16,025 restricted stock units and 16,025 phantom stock units on April 24, 2025.
• The restricted stock units vest on the earlier of the first anniversary of the grant date or the annual meeting of stockholders in the following year.
• The phantom stock units represent the right to be paid in cash equal to the fair market value of one share of Enviri Common Stock at the date of settlement, scheduled for 2031.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The acquisition of stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment to the company's success.

Future Outlook

The phantom stock units will be paid in cash in a lump sum commencing within thirty days at the beginning of the calendar year 2031.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Equity compensation plans for non-employee directors are common practice among publicly traded companies.
• Vesting schedules and settlement terms are generally aligned with industry standards to incentivize long-term performance.

Stakeholder Impact

• The acquisition of stock units aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock units, phantom stock units, director, Enviri Corp, NVRI, equity compensation