The CEO and CFO both buying stock on the open market within days of a material agreement 8-K is a strong signal of insider conviction. Monitor for further details on the agreement (likely a strategic transaction or financing) and watch for additional insider filings. The cluster buy historically amplifies returns — consider accumulating on weakness.
Price Chart
Executive Summary
Three Enviri Corp insiders, including the CEO and CFO, made open-market purchases totaling $1.41M over a three-day window, with the CEO alone buying $1M. This cluster follows a material agreement (8-K filed June 1) amending the company's bylaws, suggesting insiders may have been acting on informed confidence in the company's trajectory. At ~0.09% of market cap, the dollar value is modest but the C-suite participation and proximity to a corporate action amplify the signal.
Key Financial Metrics
Key Facts
- CEO Russell C. Hochman purchased 51,519 shares at $19.43 for $1,001,014 on June 3, 2026
- CFO Peter Francis Minan purchased 8,333 shares at $19.25 for $160,410 on June 5, 2026
- Director Edgar M. Purvis Jr. purchased 14,000 shares at $18.10 for $253,400 on June 3, 2026
- Total insider buying: $1.41M across 3 open-market purchases within a 3-day window
- Purchases occurred 2-4 days after an 8-K filing (June 1) entering into a material agreement and amending bylaws
- Total value represents ~0.09% of NVRI's $1.6B market cap
Financial Impact
Insider purchases total $1.41M, or ~0.09% of market cap — modest in absolute terms but significant as a C-suite cluster buy.
Risk Factors
- The 8-K's material agreement could be dilutive or carry execution risk, offsetting insider confidence
- At 0.09% of market cap, the dollar amount is small and could be routine portfolio rebalancing
- Historical calibration shows score-6 filings at this segment have only a 33% probability of positive T+20 alpha
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NVRI-1780951555517 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 6w ago | Insider Cluster | $20.52 $20.55 | ▲ +0.15% | ▲ +2.10% | $20.21 (−1.51%) |
Aug 11, 2026 7w ago | 8-K | $20.14 $22.55 | ▲ +11.97% | ▲ +13.03% | $20.21 (+0.35%) |
Aug 4, 2026 8w ago | 144 | $23.86 $22.01 | ▲ +7.75% | ▲ +6.52% | $20.21 (+15.30%) |
Jul 29, 2026 9w ago | 144 | $22.19 $23.08 | ▲ +4.01% | ▼ −1.01% | $20.21 (−8.92%) |
Jul 21, 2026 10w ago | 144 | $21.87 $19.66 | ▼ −10.11% | ▼ −12.67% | $20.21 (−7.59%) |
Jun 12, 2026 16w ago | 15-12G | $21.35 $23.28 | ▲ +9.04% | ▲ +7.26% | $20.21 (−5.34%) |
Jun 8, 2026 16w ago | Insider Cluster | $21.13 $22.53 | ▲ +6.63% | ▲ +5.18% | $20.21 (−4.35%) |
Jun 5, 2026 17w ago | EFFECT | $19.30 $23.10 | ▲ +19.69% | ▲ +17.83% | $20.21 (+4.72%) |
Jun 4, 2026 17w ago | Insider Cluster | $19.70 $22.59 | ▲ +14.67% | ▲ +16.04% | $20.21 (+2.59%) |
Jun 1, 2026 17w ago | 8-K | $19.20 $23.22 | ▲ +20.94% | ▲ +22.50% | $20.21 (+5.26%) |
US Market Status
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