Form 4: Itron SVP, Device Solutions, Justin K. Patrick, Reports Stock Sales to Cover Tax Obligations
SEC Form 4 Filing
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 26, 2024, Justin K. Patrick, SVP of Device Solutions at Itron, Inc., sold 127 shares of common stock at $87.0976 per share.
- He also sold 212 shares of common stock at the same price on the same day.
- These sales were executed to cover tax withholding obligations associated with the vesting of performance-based and regular restricted stock unit awards.
- Following these transactions, Patrick directly owns 21,229 shares of Itron common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock sales to cover tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock. These filings provide transparency into the transactions of individuals with access to non-public information.
Stakeholder Impact
- The stock sales by an insider could have a minor impact on shareholder sentiment, but the reason for the sale (tax obligations) is generally understood and accepted.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock sales. |
| 02/27/2024 | Date of signature by attorney-in-fact. |
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