Form 4: Itron Executive Sells Shares to Cover Tax Obligations

A senior vice president at Itron, Inc. sold 109 shares of common stock to cover tax obligations related to a restricted stock unit vesting.

Summary

• Justin K. Patrick, a Senior Vice President at Itron, Inc., sold 109 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. Patrick directly owns 20,314 shares of Itron common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

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

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 109 shares is a relatively small transaction and is not unusual for executives managing their personal finances and tax liabilities.
• Similar transactions are regularly reported by executives at comparable companies in the technology and utility sectors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive for tax purposes.

Key Dates

Keywords

Itron, stock sale, insider trading, Form 4, executive, restricted stock unit, tax obligations