Form 4: Energy Recovery Inc. Chief Legal Officer Reports Stock Transaction
SEC Form 4 Filing
William Yeung, Chief Legal Officer of Energy Recovery, Inc., reports the disposition of 4,061 shares of common stock to cover tax obligations related to vesting securities on January 27, 2025.
Summary
- On January 27, 2025, William Yeung, the Chief Legal Officer of Energy Recovery, Inc., disposed of 4,061 shares of common stock.
- The transaction was executed to cover tax obligations associated with the vesting of securities.
- The shares were disposed of at a price of $14.4.
- Following the transaction, Yeung directly owns 105,186 shares of common stock and indirectly owns 5,568 shares through a spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider transaction, and it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard part of regulatory compliance for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an officer to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/27/2025 | Date of stock transaction (disposal of shares). |
| 01/29/2025 | Date of signature on the Form 4 filing. |
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