Form 4: Energy Recovery Director Joan Chow Acquires 12,038 Shares in RSU Grant
Insider Transaction Report
Energy Recovery, Inc. Director Joan Kai Chow reported the acquisition of 12,038 shares of common stock through a restricted stock unit grant, increasing her direct beneficial ownership to 34,022 shares.
Summary
- Joan Kai Chow, a Director of Energy Recovery, Inc. (ERII), acquired 12,038 shares of common stock on June 5, 2025.
- This acquisition was a grant of restricted stock units (RSUs) at a price of $0 per share.
- Following this transaction, Ms. Chow directly beneficially owns 34,022 shares of common stock.
- Additionally, Ms. Chow indirectly owns 1,500 shares jointly with Kenneth Munz.
- The 12,038 restricted stock units are anticipated to fully vest on or about June 4, 2026, coinciding with the 2026 Annual Meeting date.
Sentiment
Score: 7
Explanation: The acquisition of shares by a director, even through a grant, is generally a positive signal as it aligns management's interests with shareholders. It indicates continued commitment from the director. There are no negative disclosures.
Positives
- The acquisition of 12,038 shares by a director, even if a grant, aligns the director's interests with shareholders.
- The grant of restricted stock units is a common form of executive and director compensation, indicating ongoing commitment and retention.
Future Outlook
This Form 4 filing does not provide specific forward-looking statements or guidance beyond the vesting schedule of the restricted stock units.
Management Comments
- The restricted stock unit will fully vest on 2026 Annual Meeting date, anticipated to be on or about June 4, 2026.
Industry Context
This Form 4 filing details a routine insider transaction (restricted stock unit grant) for a director of Energy Recovery, Inc., a company typically involved in energy efficiency and water desalination technologies. Such grants are standard practice across various industries for executive and director compensation, aiming to align long-term interests with company performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Joan K. Chow, a director, granted a Power of Attorney to David Moon, Michael Mancini, and William Yeung to prepare and execute Section 16 filings (Forms ID, 3, 4, and 5) on her behalf. This revokes any prior powers of attorney for these purposes. | 03/14/2025 | Streamlines compliance with Section 16 reporting requirements for the director, ensuring timely and accurate filings. |
Related Party Transactions
- The indirect ownership of 1,500 shares by "Joan Chow and Kenneth Munz JTWROS" represents a joint tenancy arrangement.
Stakeholder Impact
- Shareholders: The RSU grant aligns the director's long-term interests with shareholder value creation.
Next Steps
- The 12,038 restricted stock units are expected to fully vest on or about June 4, 2026.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date Power of Attorney was executed by Joan K. Chow. |
| 06/05/2025 | Date of transaction where Joan Kai Chow acquired 12,038 shares of common stock. |
| 06/06/2025 | Date the Form 4 was signed by William Yeung, Attorney-in-fact for Joan K. Chow. |
| 06/04/2026 | Anticipated vesting date for the 12,038 restricted stock units, coinciding with the 2026 Annual Meeting. |
Recommendation
holdKeywords
Energy Recovery Inc., ERII, Joan Kai Chow, Director, SEC Form 4, Restricted Stock Units, RSU, Insider Trading, Stock Grant, Beneficial Ownership
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