Form 4: Energy Recovery Inc. Executive Farshad Ghasripoor Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Farshad Ghasripoor, Chief Technology Officer of Energy Recovery, Inc., reports transactions involving company stock, including tax obligation fulfillment and transfer to a joint account.
Summary
- On February 3, 2025, Farshad Ghasripoor, Chief Technology Officer of Energy Recovery, Inc., had 1,420 shares withheld to cover a tax obligation related to vesting securities at a price of $14.34 per share.
- On February 4, 2025, Mr. Ghasripoor transferred 65,000 shares from an individual account to a joint account with his spouse.
- Following these transactions, Mr. Ghasripoor directly owns 52,860 shares and indirectly owns 70,230 shares jointly with his spouse.
- Mr. Ghasripoor has also granted a Power of Attorney to Michael Mancini, William Yeung, Derek Ching, and Ronda Reynolds-Gray to handle SEC filings on his behalf.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive stock transactions and is a standard practice for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Comparison to Industry Standards
- Executive stock transactions are common and closely monitored in publicly traded companies.
- Form 4 filings are a standard requirement by the SEC to ensure transparency and prevent insider trading.
- Companies like Graco, Inc. and Franklin Electric also have executives who regularly file Form 4s for similar transactions.
Related Party Transactions
- The transfer of 65,000 shares to a joint account with Mr. Ghasripoor's spouse constitutes a related party transaction.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership structure of the shares.
Key Dates
| Date | Description |
|---|---|
| 2024-09-15 | Date of Power of Attorney execution. |
| 2025-02-03 | Date of tax obligation payment via share withholding. |
| 2025-02-04 | Date of stock transfer to joint account. |
| 2025-02-05 | Date of signature for the Form 4 filing. |
Keywords
Energy Recovery Inc., Farshad Ghasripoor, beneficial ownership, Form 4, SEC, stock transaction, power of attorney, ERII
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