Form 4 for ERII Energy Recovery, Inc.
Accepted 2023-10-26 00:00:00 ET · period of report 2023-10-24 · accession 0001421517-23-000173 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-10-26 | 2023-10-24 | ERII | Moon David W | Dir | A - Grant | $0.00 | +15.2K | 18.5K | +471% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-10-24 | A | A | 15,233 | $0.00 | 18,465 | D | — | — | (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. (F1) Each restricted stock unit represents the right to receive, at settlement, one (1) share of the Company's common stock. |