Form 4: Itron CEO Thomas Deitrich Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Itron's CEO, Thomas Deitrich, sold 873 shares of common stock on May 24, 2024, at a price of $108.8704 per share to cover tax withholding obligations related to the vesting of a restricted stock unit award.
Summary
- On May 24, 2024, Thomas Deitrich, the President and CEO of Itron, Inc., sold 873 shares of Itron's common stock.
- The sale was executed at a price of $108.8704 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 206,163 shares of Itron common stock and indirectly owns 25,000 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an executive's stock sale for tax purposes, indicating a neutral sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of a negative outlook on the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of stock sale transaction |
| 05/28/2024 | Date of signature on the Form 4 filing |
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