Form 4: Enviri Corp Director David C. Everitt Reports Changes in Beneficial Ownership

Director David C. Everitt reports acquisition of restricted stock units and phantom stock units in Enviri Corp.

Summary

• On April 22, 2024, David C. Everitt, a director of Enviri Corp, filed a Form 4 with the SEC.
• The report details changes in his beneficial ownership of the company's securities.
• Everitt acquired 13,426 restricted stock units that vested on the earlier of (i) the first anniversary of the grant date or (ii) the issuer's annual meeting of stockholders in the year immediately following the year of the grant date.
• He also acquired 13,426 phantom stock units representing deferred compensation under the 2016 Non-Employee Directors' Long-Term Equity Compensation Plan.
• These phantom stock units will be settled in cash in a lump sum commencing within thirty days at the beginning of the calendar year 2025.
• Following these transactions, Everitt beneficially owns 18,163 phantom stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to stock and unit grants, indicating standard compensation practices.

Positives

• The acquisition of restricted stock units and phantom stock units by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The phantom stock units are scheduled to be paid in cash in a lump sum commencing within thirty days at the beginning of the calendar year 2025.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the director's holdings of Enviri Corp stock and related instruments.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the compensation and holdings of a key company director.

Key Dates