Form 4: Itron SVP, Device Solutions, Justin K. Patrick, Reports Stock Transactions
SEC Form 4 Filing
Justin K. Patrick, SVP of Device Solutions at Itron, Inc., reports acquisition of shares through performance-based restricted stock units and vesting awards.
Summary
- Justin K. Patrick, a Senior Vice President at Itron, Inc., filed a Form 4 detailing changes in beneficial ownership of Itron's common stock.
- On February 19, 2025, Patrick acquired 6,477 shares of common stock related to a performance-based restricted stock unit award for the 2022-2024 performance period.
- Additionally, Patrick acquired 6,387 shares of common stock related to vesting awards.
- Following these transactions, Patrick directly owns 33,178 shares of Itron common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with a neutral sentiment.
Positives
- The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may view insider stock acquisitions as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of stock acquisition and vesting. |
| 02/20/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, ITRI, Itron, Stock Acquisition, Restricted Stock Units, Vesting Awards, Justin K. Patrick, SVP Device Solutions
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