Form 4: Itron SVP & CFO Joan S. Hooper Reports Sale of Shares to Cover Tax Obligations
SEC Form 4 Filing
Joan S. Hooper, SVP & CFO of Itron, Inc., reported the sale of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 26, 2024, Joan S. Hooper, SVP & CFO of Itron, Inc., sold 723 shares of common stock at a price of $87.0976 per share.
- The sale was to cover tax withholding obligations associated with the vesting of a performance-based restricted stock unit award.
- An additional 1,146 shares were sold at the same price to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
- Following these transactions, Hooper directly owns 76,904 shares of Itron, Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock sales for tax obligations.
Industry Context
This is a routine Form 4 filing, reflecting the sale of shares by a company insider to cover tax obligations. Such transactions are common and do not necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock sale transaction. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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