Form 4: Itron SVP, Device Solutions, Justin K. Patrick, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Justin K. Patrick, SVP at Itron, Inc., sold 1,647 shares of common stock on February 20, 2025, to cover tax withholding obligations related to vesting of restricted stock units.
Summary
- On February 20, 2025, Justin K. Patrick, SVP, Device Solutions at Itron, Inc., sold 1,647 shares of Itron's common stock.
- The sale was executed at a price of $97.2802 per share.
- The transaction was conducted to cover tax withholding obligations associated with the vesting of a performance-based restricted stock unit award.
- Following the transaction, Patrick directly owns 31,531 shares of Itron common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations; no indication of positive or negative implications.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction related to tax obligations. Such filings are common and provide transparency into executive stock transactions.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it's a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of transaction: Justin K. Patrick sold 1,647 shares of Itron common stock. |
| 02/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, ITRI, Itron, Stock Sale, Insider Trading, Justin K. Patrick, Tax Withholding, Restricted Stock Units
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