Form 4: Itron Executive Sells Shares to Cover Tax Obligations

David Marshall Wright, VP, Corp. Controller & CAO of Itron, Inc., sold 55 shares of common stock to cover tax obligations related to a restricted stock unit vesting.

Summary

• David Marshall Wright, a VP, Corp. Controller & CAO at Itron, Inc., sold 55 shares of common stock on November 25, 2024.
• The sale was executed at a price of $119.7476 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
• Following the transaction, Mr. Wright directly owns 6,586 shares of Itron common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications for the company's performance or outlook.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The sale of shares to cover tax obligations is a common practice among executives receiving stock-based compensation across various industries.
• The number of shares sold is relatively small compared to the total holdings of the executive, which is typical for these types of transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive to cover tax obligations.

Key Dates

Keywords

insider trading, Form 4, stock sale, restricted stock unit, tax obligations, Itron, ITRI, David Marshall Wright