Form 4: Energy Recovery CEO David Moon Sells Shares to Cover Tax Obligations

Energy Recovery's CEO, David Moon, sold 2,550 shares of common stock on October 28, 2024, to cover tax obligations related to vesting securities.

Summary

• David Moon, the President and CEO of Energy Recovery, Inc., sold 2,550 shares of common stock on October 28, 2024.
• The sale was executed at a weighted average price of $17.974 per share, with individual trades ranging from $17.90 to $18.105.
• The transaction was conducted to cover tax obligations arising from the vesting of securities, in accordance with Rule 16b-3(e).
• Following the transaction, Moon directly owns 87,101 shares of Energy Recovery, Inc.
• Moon has granted power of attorney to Michael Mancini, William Yeung, Derek Ching, and Ronda Reynolds-Gray to handle SEC filings on his behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document simply reports a stock sale by the CEO to cover tax obligations, which is a common practice. There is no indication of positive or negative sentiment.

Industry Context

Sales of shares by company executives are a normal part of corporate governance. It is important to consider the context of the sale, such as the reason for the sale and the amount of shares sold, in relation to the executive's total holdings.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although the amount of shares sold is relatively small.

Key Dates