Form 4: Itron SVP John F. Marcolini Sells Shares to Cover Tax Obligations

Itron's SVP, Networked Solutions, John F. Marcolini, sold 3,382 shares of common stock on February 20, 2025, to cover tax withholding obligations related to vesting of a performance-based restricted stock unit award.

Summary

• On February 20, 2025, John F. Marcolini, SVP, Networked Solutions at Itron, Inc., sold 3,382 shares of Itron's common stock.
• The sale was executed at a price of $97.2802 per share.
• The transaction was to cover tax withholding obligations associated with the vesting of a performance-based restricted stock unit award.
• Following the transaction, Marcolini directly owns 24,606 shares of Itron common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

ITRI, Itron, Marcolini, share sale, Form 4, insider trading, stock options, restricted stock units, tax withholding