Form 4: Energy Recovery Chief Legal Officer Reports Routine Stock Disposition for Tax Obligations

Sentiment:

Insider Transaction Report 29 July 2025 4:21 PM

Energy Recovery's Chief Legal Officer, William Yeung, reported the disposition of 1,989 shares of common stock to cover tax obligations related to the vesting of securities.

Summary

William Yeung, Chief Legal Officer of Energy Recovery, Inc. (ERII), reported a transaction involving the company's common stock.
On July 25, 2025, 1,989 shares of common stock were disposed of at a price of $13.88 per share.
This disposition was specifically for the payment of tax obligations incident to the vesting of securities, in accordance with Rule 16b-3(e).
Following this transaction, William Yeung directly owns 100,046 shares of common stock.
Additionally, 5,568 shares of common stock are indirectly owned through a spouse.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax purposes, which is neither inherently positive nor negative for the company's operational or financial performance.

Positives

The transaction indicates the vesting of securities, which is a positive compensation event for the Chief Legal Officer.

Negatives

Chief Legal Officer William Yeung disposed of 1,989 shares of common stock, reducing his direct holdings.

Future Outlook

Industry Context

Stakeholder Impact

Shareholders: The disposition of shares for tax withholding is a standard part of executive compensation and has a minimal, routine impact on overall share count.

Key Dates

Date	Description
07/25/2025	Date of the reported transaction (disposition of shares).
07/29/2025	Date the Form 4 was signed by the reporting person.

Recommendation

hold

The Form 4 filing details a routine disposition of shares by a Chief Legal Officer to cover tax obligations upon the vesting of securities. This type of transaction is a standard part of executive compensation and does not typically indicate a change in the company's fundamental outlook or performance. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Energy Recovery, ERII, William Yeung, Form 4, Insider Transaction, Stock Disposition, Chief Legal Officer, Common Stock, Beneficial Ownership, Tax Withholding

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