Form 4: Energy Recovery CEO David Moon Buys 3,000 Shares
SEC Form 4 Filing
Energy Recovery's CEO, David Moon, recently purchased 3,000 shares of the company's common stock at an average price of $16.003 per share.
Summary
- On August 5, 2024, David W. Moon, the President and CEO of Energy Recovery, Inc., acquired 3,000 shares of common stock.
- The shares were purchased at a weighted average price of $16.003 per share.
- Following the transaction, Mr. Moon directly owns 89,651 shares and indirectly owns 32,750 shares through David and Rhonda Moon JCP.
- Mr. Moon has granted power of attorney to Joshua Ballard, William Yeung, and Derek Ching to handle SEC filings on his behalf.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive due to the CEO's stock purchase, which is generally viewed as a sign of confidence in the company's prospects.
Positives
- The CEO's purchase of company stock may signal confidence in the company's future prospects.
Industry Context
Insider buying is often seen as a positive sign, suggesting that a company's leadership believes the stock is undervalued.
Key Dates
| Date | Description |
|---|---|
| 2023/07/10 | Date of Power of Attorney execution. |
| 2024/08/05 | Date of stock purchase transaction. |
| 2024/08/07 | Date of Form 4 filing. |
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