Form 4: Itron CEO Thomas Deitrich Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Itron's CEO, Thomas Deitrich, sold shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 26, 2024, Thomas Deitrich, the President & CEO of Itron, Inc. (ITRI), sold 1,368 shares of common stock at a price of $87.0976 per share to cover tax obligations associated with the vesting of a performance-based restricted stock unit award.
- He also sold 1,994 shares of common stock at the same price to cover tax obligations related to the vesting of a restricted stock unit award.
- Following these transactions, Deitrich directly owns 205,162 shares of Itron common stock and indirectly owns 25,000 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock sale transactions. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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