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 158 shares of common stock on May 24, 2024, to cover tax withholding obligations.
Summary
- On May 24, 2024, Donald L. Reeves III, SVP, Outcomes at Itron, Inc., sold 158 shares of common stock.
- The sale was executed at a price of $108.8704 per share.
- The transaction was to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
- Following the transaction, Reeves directly owns 16,269 shares of Itron, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal occurrence 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 is unlikely to have a significant impact on shareholders, as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of transaction: Sale of 158 shares of common stock. |
| 05/28/2024 | Date of signature on the Form 4 filing. |
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