Form 4: Energy Recovery SVP Rodney Clemente Reports Pre-Scheduled Stock Dispositions
Insider Transaction Report
Energy Recovery, Inc.'s SVP of Water, Rodney Clemente, reported pre-scheduled dispositions of common stock totaling 7,707 shares through tax withholding and a Rule 10b5-1 trading plan.
Summary
- Rodney Clemente, SVP of Water at Energy Recovery, Inc. (ERII), reported two dispositions of common stock.
- On July 25, 2025, 2,320 shares were disposed of at $13.88 per share to satisfy tax obligations incident to the vesting of securities.
- On July 28, 2025, 5,387 shares were sold at $13.97 per share.
- The sale on July 28, 2025, was executed under a Rule 10b5-1 trading plan adopted on December 10, 2024.
- Following these transactions, Rodney Clemente beneficially owns 100,765 shares of Energy Recovery, Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral. The filing reports routine insider stock dispositions, including a tax-related withholding and a sale under a pre-arranged 10b5-1 trading plan, which indicates a non-discretionary, scheduled transaction rather than a reaction to new information.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance.
Industry Context
This filing is specific to an insider's stock transactions and does not provide broader industry trends or context.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Rodney Clemente granted a Power of Attorney to David Moon, Michael Mancini, and William Yeung to prepare and execute Section 16 forms (Forms ID, 3, 4, and 5) on his behalf, revoking any prior powers of attorney for this purpose. | 2025-03-14 | Streamlines the process for filing required insider transaction reports, ensuring compliance with SEC regulations. |
Stakeholder Impact
- Shareholders: The sale of shares by a senior executive, even if pre-planned, could be interpreted by some as a slight negative signal, though the Rule 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2024-12-10 | Date Rule 10b5-1 trading plan was adopted by Rodney Clemente. |
| 2025-03-14 | Date Rodney Clemente signed the Power of Attorney document. |
| 2025-07-25 | Date of disposition of 2,320 shares for tax obligation at $13.88 per share. |
| 2025-07-28 | Date of sale of 5,387 shares at $13.97 per share under a Rule 10b5-1 plan. |
| 2025-07-29 | Date the Form 4 filing was signed. |
Recommendation
holdThe filing reports routine insider stock dispositions, including a tax-related withholding and a sale under a pre-arranged Rule 10b5-1 trading plan. These transactions are typically non-discretionary and do not signal a change in the executive's view of the company's prospects. Therefore, the filing itself does not provide a strong basis for a 'buy' or 'sell' recommendation, suggesting a 'hold' position based solely on this information.
Keywords
Energy Recovery Inc., ERII, Rodney Clemente, Insider Trading, Form 4, Stock Sale, Rule 10b5-1 Plan, Executive Compensation, SVP Water
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