David W. Moon - Oct 24, 2023 Form 4 Insider Report for Energy Recovery, Inc. (ERII)

Role
Director
Signature
/s/ Derek Ching, Attorney-in-Fact for David W. Moon
Stock symbol
ERII
Transactions as of
Oct 24, 2023
Transactions value $
$0
Form type
4
Date filed
10/26/2023, 09:02 PM
Previous filing
Jul 12, 2023
Next filing
Nov 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ERII Common Stock Award $0 +15.2K +471.32% $0.00 18.5K Oct 24, 2023 Direct F1, F2
* 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 These employee restricted stock units were granted on the transaction date (the ''Grant Date'') and will vest on the 1 year anniversary of the Grant Date (the ''Vest Date'') provided that Mr. Moon remains an ''Eligible Person'' (as defined in the 2020 Plan) on the Vest Date. The number of shares that Mr. Moon will receive pursuant to the restricted stock unit award is determined as follows: if Mr. Moon serves as Interim Chief Executive Officer for 6 months or longer, Mr. Moon will receive 100% of the shares underlying the restricted stock unit award on the Vest Date. In the event that Mr. Moon serves as Interim Chief Executive Officer for less than 6 months, Mr. Moon will receive a pro-rated amount of the shares underlying the restricted stock unit award on the Vest Date.

Remarks:

Exhibit 24