Form 4: Itron SVP, Outcomes, Donald L. Reeves III, Reports Sale of Shares to Cover Tax Obligations

Donald L. Reeves III, SVP, Outcomes at Itron, Inc., reports selling shares of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 27 and 28, 2024, Donald L. Reeves III, SVP, Outcomes at Itron, Inc., sold shares of Itron common stock.
• The sales were executed in multiple transactions at prices of $92.1954 and $91.0223 per share.
• These sales were to cover tax withholding obligations associated with the vesting of performance-based and regular restricted stock units.
• Following these transactions, Reeves directly owns 16,427 shares of Itron common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports stock sales for tax obligations, which is a routine event.

Industry Context

This is a routine Form 4 filing, indicating transactions by a company insider. Such filings are common and provide transparency into the trading activities of company executives.

Stakeholder Impact

• The stock sales may have a minor, short-term impact on shareholders due to the increased selling pressure.
• The impact on employees, customers, suppliers, and creditors is likely negligible.

Key Dates