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

Donald L. Reeves III, SVP, Outcomes at Itron, Inc., sold 2,387 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, Donald L. Reeves III, SVP, Outcomes at Itron, Inc., sold 2,387 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, Reeves directly owns 26,319 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 insider could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Form 4, ITRI, Itron, Stock Sale, Insider Trading, Donald L. Reeves III, Tax Withholding, Restricted Stock Unit