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

Rodney Clemente, SVP of Water at Energy Recovery, Inc., sold 6,505 shares of common stock on October 28, 2024, to cover tax obligations related to vesting securities.

Summary

• On October 28, 2024, Rodney Clemente, SVP of Water at Energy Recovery, Inc., sold 6,505 shares of the company's common stock.
• The sale was executed at a weighted average price of $17.978 per share, with individual trades ranging from $17.85 to $18.175.
• The transaction was conducted to cover tax obligations arising from the vesting of securities, in accordance with Rule 16b-3(e).
• Following the transaction, Clemente directly owns 133,823 shares of Energy Recovery, Inc.
• Clemente has granted power of attorney to Michael Mancini, William Yeung, Derek Ching, and Ronda Reynolds-Gray to handle SEC filings related to his position at Energy Recovery, Inc.

Sentiment

Score: 5

Explanation: This is a neutral event. An executive selling shares to cover tax obligations is a normal occurrence and doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates