Form 4: Itron SVP & CFO Joan S. Hooper Reports Sale of Common Stock for Tax Obligations
SEC Form 4
Joan S. Hooper, SVP & CFO of Itron, Inc., reported the sale of 501 shares of common stock on May 24, 2024, to cover tax withholding obligations.
Summary
- On May 24, 2024, Joan S. Hooper, the SVP & CFO of Itron, Inc., sold 501 shares of the company's common stock.
- The sale was executed at a price of $108.8704 per share.
- This transaction was conducted to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
- Following the transaction, Hooper directly owns 72,847 shares of Itron common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily reflect a change in sentiment towards the company.
Industry Context
This is a routine disclosure of an insider stock sale, common for executives to cover tax obligations when restricted stock units vest. It doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it's a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of the stock sale transaction. |
| 05/28/2024 | Date of signature for the report. |
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