Form 4: Itron SVP & CFO Joan S. Hooper Reports Sale of Common Stock for Tax Obligations

Joan S. Hooper, SVP & CFO of Itron, Inc., reported the sale of 2,322 shares of common stock on February 24, 2025, to cover tax withholding obligations.

Summary

• On February 24, 2025, Joan S. Hooper, the SVP & CFO of Itron, Inc. (ITRI), sold 2,322 shares of common stock.
• The sale was executed at a price of $92.8969 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
• Following the transaction, Hooper directly owns 92,076 shares of Itron common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral. It's a routine transaction related to tax obligations, not indicative of a major positive or negative event for the company.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who sell shares to cover tax obligations related to stock-based compensation. It doesn't necessarily reflect a change in the executive's confidence in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The sale of shares to cover tax obligations is a common occurrence among executives receiving stock-based compensation.
• Comparable companies such as Landis+Gyr and Badger Meter also see similar filings from their executives.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a small percentage of the total outstanding shares and is related to tax obligations.

Key Dates