Form 4: Itron SVP, Outcomes, Donald L. Reeves III, Sells Shares Under 10b5-1 Plan and to Cover Tax Obligations

Donald L. Reeves III, SVP, Outcomes at Itron, Inc., sold shares of common stock on February 25, 2025, under a pre-arranged 10b5-1 trading plan and to cover tax withholding obligations.

Summary

• On February 25, 2025, Donald L. Reeves III, SVP, Outcomes at Itron, Inc., sold 4,090 shares of Itron's common stock at a price of $105 per share.
• These shares were sold under a Rule 10b5-1 trading plan adopted on November 11, 2024.
• Additionally, Mr. Reeves sold 501 shares at $102.4546 per share to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
• Following these transactions, Mr. Reeves beneficially owns 20,680 shares of Itron common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions are routine and explained (10b5-1 plan and tax obligations).

Industry Context

Insider selling can be interpreted in various ways by the market. Sales under a pre-arranged 10b5-1 plan are generally viewed as less impactful than discretionary sales, as they are planned in advance to avoid accusations of trading on inside information. Selling shares to cover tax obligations is also a common practice.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the pre-planned nature of the sale mitigates this.

Key Dates