Arve Hanstveit - 09 Jun 2022 Form 4 Insider Report for Energy Recovery, Inc. (ERII)

Role
Director
Signature
/s/ William Yeung, Attorney-in-Fact for Arve Hanstveit
Issuer symbol
ERII
Transactions as of
09 Jun 2022
Net transactions value
+$99,986
Form type
4
Filing time
13 Jun 2022, 16:19:38 UTC
Previous filing
24 Nov 2021
Next filing
18 Nov 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ERII Common Stock Award $99,986 +4,807 +0.55% $20.80 884,352 09 Jun 2022 Direct F1, F2
holding ERII Common Stock 120,000 09 Jun 2022 Children F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, at settlement, one (1) share of the Company's common stock.
F2 The restricted stock unit will fully vest on the 2023 Annual Meeting date, anticipated to be on or about June 8, 2023.
F3 The Issuer's common shares reported on this Form 4 as beneficially owned by Mr. Hanstveit include 120,000 common shares transferred to two trust for the benefit of his children. Mr. Hanstveit serves as co-trustee of each of these trusts.

Remarks:

Exhibit 24