Form 4: Itron SVP, Outcomes, Donald L. Reeves III, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Donald L. Reeves III, SVP, Outcomes at Itron, Inc., sold 200 shares of common stock on August 26, 2024, to cover tax withholding obligations.
Summary
- On August 26, 2024, Donald L. Reeves III, SVP, Outcomes at Itron, Inc., sold 200 shares of Itron's common stock.
- The sale was executed at a price of $102.1499 per share.
- The transaction was conducted to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
- Following the transaction, Reeves directly owns 16,069 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 reflect 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 small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date of the stock sale transaction. |
| 08/28/2024 | Date of signature by attorney-in-fact. |
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.