Form 4: Energy Recovery Inc. Chief Legal Officer Reports Stock Transactions

Energy Recovery Inc.'s Chief Legal Officer, William Yeung, reported the disposal of shares to cover tax obligations related to vesting securities.

Summary

• William Yeung, the Chief Legal Officer of Energy Recovery Inc., filed a Form 4 disclosing transactions involving the company's common stock.
• On January 30, 2025, Mr. Yeung disposed of 698 shares at a price of $14.33 per share to cover tax obligations.
• On January 31, 2025, he disposed of an additional 627 shares at a price of $14.56 per share for the same reason.
• Following these transactions, Mr. Yeung directly owns 103,861 shares of common stock and indirectly owns 5,568 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock transactions by an executive. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as required by the SEC.
• The transactions are typical for executives who receive stock-based compensation and need to cover tax liabilities upon vesting.
• Similar filings are regularly made by executives at comparable companies such as Xylem, Pentair, and Flowserve.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's long-term outlook on the company.

Key Dates

Keywords

Form 4, Energy Recovery Inc., ERII, William Yeung, Chief Legal Officer, stock disposal, insider trading, tax obligations, vesting securities