Form 4: Itron Director Mary C. Hemmingsen Reports Acquisition of 509 Shares of Common Stock

Director Mary C. Hemmingsen reports acquiring 509 shares of Itron, Inc. common stock on July 1, 2024, as part of her board compensation.

Summary

• On July 1, 2024, Mary C. Hemmingsen, a director of Itron, Inc., acquired 509 shares of common stock.
• The acquisition was a grant of common stock received as part of her annual compensation for board service.
• The price per share was $0.
• Following the transaction, Hemmingsen directly owns 5,445 shares of Itron common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction (stock grant) that aligns director interests with shareholders.

Positives

• The acquisition of shares by a director demonstrates alignment with shareholder interests.

Industry Context

Directors receiving stock as part of their compensation is a common practice to align their interests with those of the shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock grants to incentivize long-term value creation, similar to practices at companies like Siemens, ABB, and Schneider Electric.
• The specific amount and vesting schedule can vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The stock acquisition by a director can positively influence shareholder confidence by demonstrating commitment to the company's success.

Key Dates