The estimated Net Worth of Arve Hanstveit is at least $25 million dollars as of 6 June 2024. Mr. Hanstveit owns over 20,000 units of Recovery Inc stock worth over $11,821,689 and over the last 16 years he sold ERII stock worth over $13,054,866. In addition, he makes $145,000 as Independent Director at Recovery Inc.
Arve has made over 33 trades of the Recovery Inc stock since 2008, according to the Form 4 filled with the SEC. Most recently he sold 20,000 units of ERII stock worth $264,000 on 6 June 2024.
The largest trade he's ever made was selling 381,751 units of Recovery Inc stock on 8 July 2008 worth over $3,019,650. On average, Arve trades about 37,336 units every 124 days since 2008. As of 6 June 2024 he still owns at least 763,182 units of Recovery Inc stock.
You can see the complete history of Mr. Hanstveit stock trades at the bottom of the page.
Arve Hanstveit serves as Independent Director of the Company. Between August 1997 and November 2010, Mr. Hanstveit served as Partner and Vice President of ABG Sundal Collier, a Scandinavian investment bank, where he was responsible for advising U.S. institutional investors on equity investments in Nordic companies. Prior to joining ABG Sundal Collier, Mr. Hanstveit worked as a securities analyst and as a portfolio manager for TIAA-Cref, a large U.S. institutional investor. From February 2007 to January 2010, Mr. Hanstveit served on the Board of Directors of Kezzler AS, a privately-held Norwegian company, which delivers secure track and trace solutions to the industry. He is also a member of the Norwegian American Chamber of Commerce and the New York Angels, an independent consortium of individual accredited angel investors that provide equity capital for early-stage companies in the New York City area. Mr. Hanstveit holds a B.A. in Business from the Norwegian School of Management and an M.B.A. from the University of Wisconsin, Madison. The Board selected Mr. Hanstveit as a Director because of his early investment in the Company, his years of experience as a portfolio manager and securities analyst, his detailed understanding of global financial markets, and his extensive knowledge of the Company, its products, and markets.
As the Independent Director of Recovery Inc, the total compensation of Arve Hanstveit at Recovery Inc is $145,000. There are 9 executives at Recovery Inc getting paid more, with Yu-Lang Mao having the highest compensation of $868,407.
Arve Hanstveit is 65, he's been the Independent Director of Recovery Inc since 2020. There are 4 older and 12 younger executives at Recovery Inc. The oldest executive at Energy Recovery Inc is Yu-Lang Mao, 77, who is the Pres, CEO & Chairman.
Arve's mailing address filed with the SEC is C/O ENERGY RECOVERY, INC., 1717 DOOLITTLE DRIVE, SAN LEANDRO, CA, 94577.
Over the last 16 years, insiders at Recovery Inc have traded over $145,958,928 worth of Recovery Inc stock and bought 3,151,581 units worth $15,056,868 . The most active insiders traders include As Arvarius, Ole Peter Lorentzen et Alexander J Buehler. On average, Recovery Inc executives and independent directors trade stock every 23 days with the average trade being worth of $1,247,596. The most recent stock trade was executed by Alexander J Buehler on 19 August 2024, trading 19,841 units of ERII stock currently worth $57,936.
energy recovery (nasdaq:erii) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments. with award winning technology, energy recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. energy recovery products save clients more than $1.5 billion (usd) annually. headquartered in the bay area, energy recovery has offices in ireland, shanghai, and dubai. for more information about the company, please visit our website at www.energyrecovery.com.
Recovery Inc executives and other stock owners filed with the SEC include: