Form 4: Itron SVP, Device Solutions, Justin K. Patrick, Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Justin K. Patrick, SVP of Device Solutions at Itron, Inc., sold 99 shares of common stock on May 24, 2024, to cover tax withholding obligations related to vesting of a restricted stock unit award.
Summary
- On May 24, 2024, Justin K. Patrick, SVP of Device Solutions at Itron, Inc., sold 99 shares of common stock.
- The sale was executed at a price of $108.8704 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 20,524 shares of Itron, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale for tax purposes, which is a neutral event.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This particular filing reflects a common practice of selling shares to cover tax obligations associated with equity compensation.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders, as it is a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of stock sale transaction. |
| 05/28/2024 | Date of signature by attorney-in-fact. |
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