Form 4: Itron SVP, Device Solutions, Justin K. Patrick, Reports Sale of Common Stock
SEC Form 4 Filing
Justin K. Patrick, SVP, Device Solutions at Itron, Inc., reported the sale of 650 shares of common stock on February 24, 2025, to cover tax obligations related to vesting of restricted stock units.
Summary
- On February 24, 2025, Justin K. Patrick, SVP, Device Solutions at Itron, Inc., sold 650 shares of common stock.
- The sale was executed at a price of $92.8969 per share.
- The transaction was to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
- Following the transaction, Patrick directly owns 30,881 shares of Itron, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative outlook on 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. It is typical for executives to sell shares to cover tax obligations when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of transaction: Sale of 650 shares of common stock. |
| 02/25/2025 | Date of signature by attorney-in-fact. |
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