Form 4: Itron Executive John F. Marcolini Reports Stock Sales to Cover Tax Obligations
SEC Form 4 Filing
John F. Marcolini, SVP at Itron, Inc., reports selling shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 26, 2024, John F. Marcolini, a Senior Vice President at Itron, Inc. (ITRI), sold shares of Itron common stock.
- The sales were executed in two transactions at a price of $87.0976 per share.
- 228 shares were sold to cover tax withholding obligations associated with the vesting of a performance-based restricted stock unit award.
- An additional 449 shares were sold to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
- Following these transactions, Marcolini directly owns 17,065 shares of Itron common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock sales for tax purposes.
Industry Context
This is a routine disclosure of stock sales by a company executive to cover tax obligations, which is a common practice.
Stakeholder Impact
- The stock sales are unlikely to have a significant impact on shareholders, employees, customers, suppliers or creditors.
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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