Form 4: Enviri Corp Director Nicholas Fanandakis Reports Acquisition of Restricted Stock Units

Nicholas Fanandakis, a director of Enviri Corp, reported the acquisition of 18,309 restricted stock units on May 7, 2025, under the company's 2016 Non-Employee Directors' Long-Term Equity Compensation Plan.

Summary

• On May 7, 2025, Nicholas Fanandakis, a director of Enviri Corp, acquired 18,309 restricted stock units.
• These units were granted under the 2016 Non-Employee Directors' Long-Term Equity Compensation Plan.
• Each restricted stock unit will vest on the first anniversary of the grant date.
• The reported transaction was filed as a Form 4 with the SEC.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing regarding stock unit grants, with no inherent positive or negative sentiment.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.

Future Outlook

The restricted stock units will vest on the first anniversary of the grant date, potentially increasing the director's stake in the company.

Industry Context

This filing is a routine disclosure of equity compensation for a company director, common in publicly traded companies to align management and shareholder interests.

Stakeholder Impact

• The acquisition of restricted stock units by a director can align their interests with those of shareholders.

Key Dates

Keywords

restricted stock units, Form 4, director, Enviri Corp, NVRI, equity compensation, Fanandakis