Form 4: Itron SVP John F. Marcolini Reports Sale of Common Stock for Tax Obligations
SEC Form 4 Filing
John F. Marcolini, SVP of Networked Solutions at Itron, Inc., reported the sale of 219 shares of common stock on May 24, 2024, to cover tax withholding obligations.
Summary
- On May 24, 2024, John F. Marcolini, SVP of Networked Solutions at Itron, Inc., sold 219 shares of common stock.
- The sale was executed at a price of $108.8704 per share.
- The transaction was to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
- Following the transaction, Marcolini directly owns 15,584 shares of Itron common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine transaction for tax purposes and doesn't reflect a significant change in ownership or company outlook.
Industry Context
This is a routine Form 4 filing, reflecting a common practice of executives selling shares to cover tax obligations arising from the vesting of stock awards. It doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of the stock sale transaction. |
| 05/28/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.