Form 4: Energy Recovery Inc. Executive Farshad Ghasripoor Reports Stock Transactions
SEC Form 4 Filing
Energy Recovery Inc.'s Chief Technology Officer, Farshad Ghasripoor, reported the disposal of company stock to cover tax obligations related to vesting securities.
Summary
- Farshad Ghasripoor, Chief Technology Officer of Energy Recovery Inc., filed a Form 4 detailing stock transactions.
- On January 30, 2025, 1,034 shares of common stock were disposed of at a price of $14.33 per share.
- On January 31, 2025, an additional 926 shares were disposed of at a price of $14.56 per share.
- These transactions were to cover tax obligations related to the vesting of securities.
- Following these transactions, Mr. Ghasripoor directly owns 119,280 shares and indirectly owns 5,230 shares held jointly with a spouse.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by an executive, which is neither positive nor negative for the company's outlook.
Industry Context
This is a routine filing related to insider transactions and is common for executives of 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 mandated by the Securities and Exchange Commission (SEC).
- Similar filings are made by executives at companies like Xylem, Inc. (XYL) and Pentair plc (PNR) when they engage in stock transactions.
- The transactions reported are typical for covering tax obligations related to vesting equity awards, a common practice across the industry.
Stakeholder Impact
- The stock disposals by the executive have a minimal impact on shareholders as they are for tax obligations and do not indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 09/15/2024 | Date of Power of Attorney execution by Farshad Ghasripoor. |
| 01/30/2025 | Date of first stock disposal transaction. |
| 01/31/2025 | Date of second stock disposal transaction. |
| 02/03/2025 | Date of Form 4 filing. |
Keywords
Form 4, Energy Recovery Inc., ERII, Farshad Ghasripoor, stock transaction, insider trading, securities, vesting, tax obligation
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