Form 4: Itron CEO Thomas Deitrich Sells Shares to Cover Tax Obligations

Itron's CEO, Thomas Deitrich, sold 28,490 shares of common stock on February 20, 2025, to cover tax withholding obligations related to vesting of a performance-based restricted stock unit award.

Summary

• On February 20, 2025, Thomas Deitrich, the President & CEO of Itron, Inc. (ITRI), sold 28,490 shares of Itron common stock.
• The sale was executed at a price of $97.2802 per share.
• This transaction was conducted to cover tax withholding obligations associated with the vesting of a performance-based restricted stock unit award.
• Following the transaction, Deitrich directly owns 271,489 shares of Itron common stock and indirectly owns 25,000 shares through a trust.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes and doesn't indicate a change in the company's outlook.

Industry Context

This is a routine Form 4 filing, indicating insider activity. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates

Keywords

ITRI, Itron, Deitrich, SEC Form 4, stock sale, insider trading, restricted stock units, tax withholding