Energy Recovery finalizes CEO David Moon's compensation: $570K salary, bonus up to 150%

Energy Recovery, Inc.

Annual base salary $570,000; eligible for annual bonus 0-150% of salary based on performance goals.
Eligible for equity awards (options, RSUs, PSUs) under 2016 Incentive Plan, subject to Board/Committee approval.
Named participant in Company's Change in Control Plan and Severance Plan.
One-time relocation allowance of $100,000 plus tax gross-up for move from Texas to California.
Employment effective Jan 16, 2024; remains at-will.

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