Form 4: Energy Recovery Inc. Director Arve Hanstveit Reports Transactions in Company Stock

Director Arve Hanstveit reported the acquisition and disposition of Energy Recovery, Inc. (ERII) common stock on June 6 and June 7, 2024.

Summary

• On June 6, 2024, Arve Hanstveit, a director of Energy Recovery, Inc., acquired 11,127 shares of common stock at $0.
• On June 7, 2024, Hanstveit disposed of 20,000 shares of common stock at a weighted average price of $13.1975 per share, with prices ranging from $13.11 to $13.26.
• Following these transactions, Hanstveit directly owns 763,182 shares of Energy Recovery, Inc.
• Hanstveit also indirectly owns 60,000 shares through the Sophie Hanstveit Irrevocable Trust and another 60,000 shares through the Natasha Hanstveit Irrevocable Trust, for which he serves as the sole trustee with voting and investment power.
• A restricted stock unit will fully vest on the 2025 Annual Meeting date, anticipated to be on or about June 5, 2025.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, so it doesn't inherently convey positive or negative sentiment. It's a neutral disclosure.

Future Outlook

The restricted stock unit will fully vest on the 2025 Annual Meeting date, anticipated to be on or about June 5, 2025.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the actions of company directors.

Key Dates