Form 4: Energy Recovery Inc. Executive Rodney Clemente Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Energy Recovery Inc.'s SVP, Water, Rodney Clemente, disposed of company stock to cover tax obligations related to vesting securities.
Summary
- Rodney Clemente, SVP of Water at Energy Recovery Inc., filed a Form 4 disclosing the disposal of company stock.
- The transactions occurred on January 30, 2025, and January 31, 2025.
- A total of 694 shares were disposed of on January 30 at a price of $14.33 per share.
- An additional 615 shares were disposed of on January 31 at a price of $14.56 per share.
- These disposals were made to cover tax obligations related to the vesting of securities.
- Following these transactions, Mr. Clemente beneficially owns 133,497 shares of Energy Recovery Inc.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock disposals for tax purposes, which is neither positive nor negative for the company's outlook.
Industry Context
This is a routine filing related to executive stock transactions and is common for 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, and this filing is consistent with those requirements.
- The transactions are related to tax obligations from vesting securities, which is a common practice for executive compensation.
- There are no unusual patterns or deviations from standard practices in this filing.
Stakeholder Impact
- The stock disposals have a minor impact on the overall shareholding structure of the company.
- The transactions are not expected to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 2024-09-15 | Date of Power of Attorney execution by Rodney Clemente. |
| 2025-01-30 | Date of first stock disposal by Rodney Clemente. |
| 2025-01-31 | Date of second stock disposal by Rodney Clemente. |
| 2025-02-03 | Date of Form 4 filing. |
Keywords
Form 4, Energy Recovery Inc., ERII, Rodney Clemente, stock disposal, insider trading, tax obligations, vesting securities, executive compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.