Form 4: Itron Executive Wright David Marshall Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
David Marshall Wright, VP, Corp. Controller & CAO of Itron, Inc., sold 317 shares of common stock on February 24, 2025, to cover tax withholding obligations related to vesting of a restricted stock unit award.
Summary
- On February 24, 2025, David Marshall Wright, VP, Corp. Controller & CAO of Itron, Inc., reported a transaction involving the company's common stock.
- Wright sold 317 shares at a price of $92.8969 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
- Following the transaction, Wright directly owns 8,108 shares of Itron, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal occurrence and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors. The sale to cover tax obligations is a standard practice.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of stock sale transaction |
| 02/25/2025 | Date of signature by attorney-in-fact |
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