Form 4: Energy Recovery Inc. Executive Rodney Clemente Disposes of Shares to Cover Tax Obligations

Rodney Clemente, SVP of Water at Energy Recovery, Inc., disposed of 5,784 shares of common stock on January 27, 2025, to cover tax obligations related to vesting securities.

Summary

• On January 27, 2025, Rodney Clemente, SVP of Water at Energy Recovery, Inc., disposed of 5,784 shares of common stock.
• The transaction was executed to cover tax obligations arising from the vesting of securities.
• The shares were disposed of at a price of $14.4 per share.
• Following the transaction, Clemente directly owns 134,806 shares of Energy Recovery, Inc.
• A previous power of attorney was revoked and a new power of attorney was granted to Michael Mancini, William Yeung, Derek Ching and Ronda Reynolds-Gray on September 15, 2024, allowing them to prepare and execute SEC filings on Clemente's behalf.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the small number of shares disposed of by an executive.

Key Dates