Form 4: Energy Recovery Inc. Director Colin R. Sabol Reports Changes in Beneficial Ownership
SEC Form 4
Director Colin R. Sabol reports acquisition and disposal of Energy Recovery, Inc. stock, including restricted stock units vesting in 2025.
Summary
- On June 6, 2024, Colin R. Sabol, a director of Energy Recovery, Inc., reported changes in beneficial ownership of the company's stock.
- Sabol acquired 11,127 shares of common stock at $0, and disposed of 14,359 shares of common stock.
- Following these transactions, Sabol directly owns 14,359 shares of common stock.
- Sabol also indirectly owns 3,000 shares through Colin Sabol & Julie Sabol JTWROS.
- The reported transactions include restricted stock units that 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 regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
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 filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice for publicly traded companies.
Stakeholder Impact
- The change in ownership may be of interest to shareholders as it provides insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of the reported transaction |
| June 5, 2025 | Anticipated date for the 2025 Annual Meeting and vesting of restricted stock units |
| 06/10/2024 | Date of signature by Attorney-in-Fact |
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