Form 4: Itron Inc. President & CEO Thomas Deitrich Executes Stock Option and Reports Beneficial Ownership
SEC Form 4 Filing
Thomas Deitrich, President & CEO of Itron Inc., exercised a stock option and reported changes in beneficial ownership of company stock.
Summary
- On March 25, 2024, Thomas Deitrich, President & CEO of Itron Inc., executed a stock option to purchase 8,538 shares of common stock at a price of $35.13 per share.
- This transaction resulted in Mr. Deitrich directly owning 207,036 shares of Itron Inc. common stock.
- Mr. Deitrich also indirectly owns 25,000 shares via a trust.
- Following the transaction, Mr. Deitrich holds 75,241 derivative securities (stock options).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock option execution, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider trading activity and provides transparency to the market regarding the actions of Itron's top executive.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 12/10/2016 | One-third of the option vested. |
| 12/10/2017 | One-third of the option vested. |
| 12/10/2018 | One-third of the option vested. |
| 03/25/2024 | Date of stock option execution. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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