Form 4: Energy Recovery SVP Rodney Clemente Sells Shares to Cover Tax Obligations

Energy Recovery's SVP of Water, Rodney Clemente, sold 2,353 shares of common stock on July 29, 2024, to cover tax obligations related to vesting securities.

Summary

• Rodney Clemente, SVP of Water at Energy Recovery, Inc., reported a transaction involving the sale of 2,353 shares of common stock on July 29, 2024.
• The sale was executed to cover tax obligations arising from the vesting of securities.
• The shares were sold at a weighted average price of $14.629 per share, with individual trades ranging from $14.35 to $15.21.
• Following the transaction, Clemente directly owns 140,328 shares of Energy Recovery, Inc.
• Clemente has granted power of attorney to Joshua Ballard, William Yeung, and Derek Ching to handle SEC filings on his behalf.

Sentiment

Score: 6

Explanation: The document reports a routine transaction (sale of shares for tax obligations) by an executive, which is neither particularly positive nor negative. The sentiment is neutral.

Industry Context

Sales of shares by company executives to cover tax obligations are a common practice and do not necessarily indicate a negative outlook for the company.

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