Form 4: Energy Recovery Inc. Executive Rodney Clemente Reports Sale of Common Stock

Rodney Clemente, SVP of Water at Energy Recovery, Inc., reported the sale of 825 shares of common stock on March 11, 2024, to cover tax obligations related to vesting securities.

Summary

• Rodney Clemente, SVP of Water at Energy Recovery, Inc., filed a Form 4 on March 13, 2024, reporting a transaction involving the company's common stock.
• On March 11, 2024, Clemente sold 825 shares of common stock at a weighted average price of $14.982 per share.
• The sale was executed to cover tax obligations related to the vesting of securities, as per Rule 16b-3(e).
• Following the transaction, Clemente directly owns 142,681 shares of Energy Recovery, Inc. common stock.
• Clemente has also granted a Power of Attorney to Joshua Ballard, William Yeung, and Derek Ching to handle SEC filings on his behalf.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's stock sale for tax purposes. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. The sale itself doesn't necessarily indicate a negative outlook on the company's future, but it's a transaction investors monitor for potential insights.

Stakeholder Impact

• The stock sale may have a minor, temporary impact on shareholders due to the increased supply of shares in the market.

Key Dates