Form 4: Itron CEO Thomas Deitrich Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Itron's CEO, Thomas Deitrich, sold 887 shares of common stock on August 26, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On August 26, 2024, Thomas Deitrich, the President and CEO of Itron, Inc. (ITRI), sold 887 shares of Itron's common stock.
- The sale was executed at a price of $102.1499 per share.
- The transaction was conducted to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
- Following the transaction, Deitrich directly owns 205,276 shares of Itron common stock and indirectly owns 25,000 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes. It doesn't convey any strong positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be routine, covering tax obligations, and doesn't necessarily indicate a change in the CEO's long-term outlook for the company.
Stakeholder Impact
- The sale of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date of the stock sale transaction. |
| 08/28/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.