Form 4: Itron SVP, Device Solutions, Justin K. Patrick, Reports Stock Sales to Cover Tax Obligations

Justin K. Patrick, SVP at Itron, Inc., reports selling shares of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 27 and 28, 2024, Justin K. Patrick, SVP of Device Solutions at Itron, Inc., sold shares of Itron common stock.
• The sales were executed in multiple transactions at prices of $92.1954 and $91.0223 per share.
• A total of 606 shares were sold across the two days.
• These sales were automatically executed to cover tax withholding obligations associated with the vesting of performance-based and regular restricted stock units.
• Following these transactions, Patrick directly owns 20,623 shares of Itron common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock sales for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock sales by a company insider to cover tax obligations, which is a common practice.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates