Form 4: Itron SVP, Networked Solutions, John F. Marcolini, Reports Stock Sales to Cover Tax Obligations
SEC Form 4 Filing
John F. Marcolini, SVP of Networked Solutions at Itron, Inc., reports selling shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- John F. Marcolini, SVP of Networked Solutions at Itron, Inc. (ITRI), filed a Form 4 on February 29, 2024, reporting changes in beneficial ownership.
- The report details the sale of Itron common stock on February 27 and 28, 2024, to cover tax withholding obligations associated with the vesting of restricted stock units.
- On February 27, 2024, 199 shares were sold at $92.1954 each, and 427 shares were sold at the same price.
- On February 28, 2024, 202 shares were sold at $91.0223 each, and 434 shares were sold at the same price.
- Following these transactions, Marcolini beneficially owns 15,803 shares of Itron common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock sales for tax purposes, indicating a neutral sentiment.
Industry Context
Executive stock sales for tax obligations are a common occurrence and generally don't indicate a change in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Sale of 199 shares of common stock at $92.1954 and 427 shares of common stock at $92.1954 to cover tax withholding obligations. |
| 02/28/2024 | Sale of 202 shares of common stock at $91.0223 and 434 shares of common stock at $91.0223 to cover tax withholding obligations. |
| 02/29/2024 | Date of Form 4 filing. |
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