4//SEC Filing
Moon David W 4
Accession 0001421517-23-000173
CIK 0001421517other
Filed
Oct 25, 8:00 PM ET
Accepted
Oct 26, 9:02 PM ET
Size
13.0 KB
Accession
0001421517-23-000173
Insider Transaction Report
Form 4
Moon David W
DirectorPresident and CEO
Transactions
- Award
Common Stock
2023-10-24+15,233→ 18,465 total
Footnotes (2)
- [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.
Issuer
Energy Recovery, Inc.
CIK 0001421517
Entity typeother
Related Parties
1- filerCIK 0001372923
Filing Metadata
- Form type
- 4
- Filed
- Oct 25, 8:00 PM ET
- Accepted
- Oct 26, 9:02 PM ET
- Size
- 13.0 KB