Energy Recovery (ERII) director awarded 18,094 shares in stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanstveit Arve reported acquisition or exercise transactions in this Form 4 filing.
Energy Recovery, Inc. director Arve Hanstveit reported a stock award. He received 18,094 shares of common stock as a grant at $8.29 per share, increasing his direct holdings to 400,603 shares. The restricted stock unit will fully vest at the 2027 Annual Meeting, anticipated around June 3, 2027. He also reports 60,000 shares held in each of two irrevocable trusts, where he serves as sole trustee with sole voting and investment power.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hanstveit Arve
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,094 | $8.29 | $150K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 400,603 shares (Direct, null);
Common Stock — 60,000 shares (Indirect, Natasha Hanstveit Irrevocable Trust)
Footnotes (1)
- The restricted stock unit will fully vest on the 2027 Annual Meeting, anticipated to be on or around June 3, 2027. Mr. Hanstveit is sole trustee and exercises sole voting and investment power.
Key Figures
Stock grant size: 18,094 shares
Grant price: $8.29 per share
Direct holdings after grant: 400,603 shares
+3 more
6 metrics
Stock grant size
18,094 shares
Common stock grant to director Arve Hanstveit
Grant price
$8.29 per share
Value per share for the 18,094-share award
Direct holdings after grant
400,603 shares
Common stock directly held by Hanstveit after transaction
Sophie trust holdings
60,000 shares
Common stock in Sophie Hanstveit Irrevocable Trust
Natasha trust holdings
60,000 shares
Common stock in Natasha Hanstveit Irrevocable Trust
Vesting date
on or around June 3, 2027
Restricted stock unit fully vests at 2027 Annual Meeting
Key Terms
restricted stock unit, irrevocable trust, voting and investment power, Annual Meeting
4 terms
restricted stock unit financial
"The restricted stock unit will fully vest on the 2027 Annual Meeting"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
irrevocable trust financial
"Sophie Hanstveit Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
voting and investment power financial
"Mr. Hanstveit is sole trustee and exercises sole voting and investment power"
Annual Meeting financial
"will fully vest on the 2027 Annual Meeting, anticipated to be on or around June 3, 2027"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What did Energy Recovery (ERII) director Arve Hanstveit report in this Form 4?
Director Arve Hanstveit reported receiving 18,094 shares of Energy Recovery common stock as a grant. The shares were awarded at $8.29 per share and increased his direct holdings to 400,603 shares, reflecting routine equity-based compensation rather than an open-market purchase.
When will Arve Hanstveit’s restricted stock unit in Energy Recovery (ERII) fully vest?
The restricted stock unit will fully vest at the 2027 Annual Meeting, anticipated to occur on or around June 3, 2027. Vesting means the award becomes fully earned, aligning Hanstveit’s compensation with longer-term company performance and continued board service.