TONDREAU PAMELA L. 4
4 · Energy Recovery, Inc. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Energy Recovery (ERII) Director Pamela Tondreau Buys 20,000 Shares
What Happened Pamela L. Tondreau, a director of Energy Recovery, Inc. (ERII), purchased 20,000 shares in an open‑market transaction on May 13, 2026. The reported weighted average purchase price was $8.34 per share for a total cost of $166,840. This was a straight purchase (transaction code P), which is typically viewed as an insider acquisition rather than a sale.
Key Details
- Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (filed on time).
- Price: Weighted average $8.34/share; individual trades ranged $8.335–$8.35 (footnote F1).
- Shares acquired: 20,000 (total value $166,840).
- Shares beneficially owned after transaction: 37,362 shares (20,000 purchased plus 17,362 shares related to the Bruce‑Tondreau Living Trust, per footnote F2).
- Notable footnotes: F1 explains the weighted average price and offers to provide per‑trade breakdown on request; F2 notes the Reporting Person and spouse are beneficiaries of the referenced trust and may be deemed beneficial owners.
- Filing status: No late filing indicated.
Context Insider purchases are often watched by retail investors as one signal of confidence, but they do not prove future performance. The filing shows a direct open‑market buy (not an option exercise or gift), and the additional shares noted are held via a family trust that the reporting person may be deemed to beneficially own.
Insider Transaction Report
- Purchase
Common Stock
[F1][F2]2026-05-13$8.34/sh+20,000$166,840→ 37,362 total(indirect: By Trust)
- 38,528
Common Stock
Footnotes (2)
- [F1]This amount represents the weighted average purchase price of multiple trades ranging from $8.335 to $8.35 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 purchased at each separate price upon request.
- [F2]This total reflects the 20,000 shares purchased on May 13, 2026, as well as 17,362 shares the Reporting Person transferred in January 2026 to the Bruce-Tondreau Living Trust Dtd October 11, 2018, of which the Reporting Person and their spouse are beneficiaries. The Reporting Person may be deemed to have beneficial ownership of the shares held by the Trust.