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 101 shares of common stock on August 26, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On August 26, 2024, Justin K. Patrick, SVP of Device Solutions at Itron, Inc., sold 101 shares of Itron's common stock.
- The sale was executed at a price of $102.1499 per share.
- The transaction was conducted to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
- Following the transaction, Patrick directly owns 20,423 shares of Itron common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction to cover tax obligations, so it doesn't indicate a particularly positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. This filing indicates a routine transaction to cover tax obligations.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders, as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date of stock sale transaction. |
| 08/28/2024 | Date of signature on the Form 4 filing. |
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