Form 4: Energy Recovery CEO David Moon Reports Tax Obligation Transaction
SEC Form 4 Filing
David Moon, CEO of Energy Recovery, Inc., reports the withholding of shares to cover a tax obligation related to vesting securities.
Summary
- On January 27, 2025, David Moon, the President and CEO of Energy Recovery, Inc., had 7,664 shares of common stock withheld to cover a tax obligation.
- The transaction occurred at a price of $14.4 per share.
- Following the transaction, Moon directly owns 168,417 shares of Energy Recovery, Inc.
- Moon also indirectly owns 32,750 shares through the David and Rhonda Moon JCP.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for company insiders, ensuring transparency in the market.
- The information disclosed in this filing is consistent with what is expected for executives reporting changes in beneficial ownership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax-related withholding of shares.
Key Dates
| Date | Description |
|---|---|
| 2024-09-15 | Date of Power of Attorney execution. |
| 2025-01-27 | Date of the transaction where shares were withheld for tax obligations. |
| 2025-01-29 | Date of signature for the Form 4 filing. |
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