The estimated Net Worth of Ole Peter Lorentzen is at least $128 Million dollars as of 15 September 2021. Mr. Lorentzen owns over 1,500,000 units of Recovery Inc stock worth over $79,854,652 and over the last 11 years he sold ERII stock worth over $47,978,392. In addition, he makes $140,000 as Independent Director at Recovery Inc.
Ole has made over 10 trades of the Recovery Inc stock since 2014, according to the Form 4 filled with the SEC. Most recently he sold 1,500,000 units of ERII stock worth $31,215,000 on 15 September 2021.
The largest trade he's ever made was selling 1,500,000 units of Recovery Inc stock on 15 September 2021 worth over $31,215,000. On average, Ole trades about 336,835 units every 163 days since 2014. As of 15 September 2021 he still owns at least 5,155,239 units of Recovery Inc stock.
You can see the complete history of Mr. Lorentzen stock trades at the bottom of the page.
Ole Peter Lorentzen serves as Independent Director of the Company. He joined the Board of Directors of the Company again in February 2015. Since December 1987, Mr. Lorentzen brings to the Company forty years of experience from multiple fields of business including sales and sales management, real estate development and investments in high technology companies. Mr. Lorentzen has been the Chairman and beneficial owner of Ludvig Lorentzen, an investment company that typically holds a concentrated portfolio of investments for seven to fifteen years. He served as Director of Agasti Holding ASA since May 2010 until May 2013. He also served as a Director of Opera Software ASA until June 21, 2007. Mr. Lorentzen holds a bachelor’s degree in business administration from Lund University in Sweden. The Board selected Mr. Lorentzen to serve as a director because Mr. Lorentzen has extensive experience in working with management teams and Boards to seek methods of enhancing value for all stockholders.
As the Independent Director of Recovery Inc, the total compensation of Ole Lorentzen at Recovery Inc is $140,000. There are 10 executives at Recovery Inc getting paid more, with Yu-Lang Mao having the highest compensation of $868,407.
Ole Lorentzen is 67, he's been the Independent Director of Recovery Inc since 2015. There are 3 older and 13 younger executives at Recovery Inc. The oldest executive at Energy Recovery Inc is Yu-Lang Mao, 77, who is the Pres, CEO & Chairman.
Ole's mailing address filed with the SEC is HOSPITSVEIEN 2, , OSLO, Q8, 0789.
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, and 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: