Form 4: Energy Recovery Inc. Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
William Yeung, Chief Legal Officer of Energy Recovery, Inc., reports the disposal of shares to cover tax obligations and updates beneficial ownership.
Summary
- On February 3, 2025, William Yeung, the Chief Legal Officer of Energy Recovery, Inc., disposed of 882 shares of common stock to cover tax obligations.
- The transaction was executed at a price of $14.34 per share.
- Following the transaction, Yeung directly owns 102,979 shares of common stock and indirectly owns 5,568 shares through a spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This filing indicates a standard transaction to cover tax obligations related to vesting shares.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of stock transaction (disposal of shares). |
| 02/05/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Energy Recovery Inc., ERII, William Yeung, Chief Legal Officer, Stock Transaction, Beneficial Ownership, Tax Obligation
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