Energy Recovery (NASDAQ: ERII) SVP Rodney Clemente sells 20,568 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Energy Recovery, Inc. senior vice president of Water, Rodney Clemente, reported an open-market sale of common stock. He sold 20,568 shares at a weighted average price of $10.614 per share under a pre-arranged Rule 10b5-1 trading plan. After this transaction, he directly owned 116,008 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,568 shares ($218,309)
Net Sell
1 txn
Insider
Clemente Rodney
Role
SVP, Water
Sold
20,568 shs ($218K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,568 | $10.614 | $218K |
Holdings After Transaction:
Common Stock — 116,008 shares (Direct)
Footnotes (1)
- These transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. This amount represents the weighted average sales price of multiple trades ranging from $10.23 to $10.80 per share. The reporting person undertakes to provide the SEC Staff, Energy Recovery, Inc. or a shareholder of Energy Recovery, Inc. full information about the number of shares sold at each separate price upon request.
FAQ
What insider transaction did ERII executive Rodney Clemente report?
Rodney Clemente, SVP, Water at Energy Recovery, Inc., reported an open-market sale of common stock. He sold 20,568 shares of ERII at a weighted average price of $10.614 per share, according to the Form 4 filing details.
Was the ERII insider sale by Rodney Clemente under a trading plan?
Yes. Footnotes state the ERII transactions by Rodney Clemente were effected under a Rule 10b5-1 trading plan. Such plans allow insiders to pre-schedule trades, providing a structured approach to selling shares over time under predetermined conditions.
What role does Rodney Clemente hold at Energy Recovery, Inc. (ERII)?
Rodney Clemente is identified as an officer of Energy Recovery, Inc., serving as SVP, Water. His status as a company officer requires reporting of his ERII equity transactions on Form 4, including the recent open-market sale of common stock.