Energy Recovery SVP granted 45,626 stock units
Energy Recovery, Inc. reported that SVP, Water Rodney Clemente acquired an award of 45,626 restricted stock units on the transaction date.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Energy Recovery, Inc. reported that SVP, Water Rodney Clemente acquired an award of 45,626 restricted stock units on the transaction date. The grant was priced at $0.0000 per unit, reflecting an equity compensation award rather than a market purchase.
According to the terms, 25% of the restricted stock units will vest on each of the first four anniversaries of the grant date, spreading the vesting over four years. Each restricted stock unit gives the right to receive one share of common stock upon settlement, bringing Clemente’s direct holdings to 136,576 shares after the award.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45,626 | $0.00 | $0.00 |
Footnotes (2)
- F1. These employee restricted stock units were granted on the transaction date. 25% of the restricted stock units will vest on the first four anniversaries of the grant date.
- F2. Each restricted stock unit represents the right to receive, at settlement, one (1) share of the Company's common stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Energy Recovery (ERII) report for Rodney Clemente?
How do the 45,626 restricted stock units for ERII’s SVP vest over time?
What does each restricted stock unit granted at Energy Recovery (ERII) represent?
Was the Energy Recovery (ERII) insider award a market purchase or compensation grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.