Form 4: Itron CEO Thomas Deitrich Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Itron's CEO, Thomas Deitrich, sold 3,297 shares of common stock on February 25, 2025, to cover tax withholding obligations related to vesting of a restricted stock unit award.
Summary
- On February 25, 2025, Thomas Deitrich, the President & CEO of Itron, Inc. (ITRI), sold 3,297 shares of Itron's common stock at a price of $102.4546 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
- Following the transaction, Deitrich directly owns 263,757 shares of Itron common stock.
- Deitrich also indirectly owns 25,000 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock sales to cover tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings provide transparency to the market regarding insider transactions.
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 reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of stock sale transaction. |
| 02/26/2025 | Date of signature on the Form 4 filing. |
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