Form 4: Itron SVP Sells Shares to Cover Tax Obligations Following RSU Vesting

Itron's Senior Vice President of Device Solutions, Patrick Justin K, sold 375 shares of common stock at $114.9451 per share to cover tax withholding obligations related to a restricted stock unit award vesting.

Summary

• Patrick Justin K, SVP, Device Solutions at Itron, Inc. (ITRI), reported a transaction on May 27, 2025.
• The transaction involved the disposition of 375 shares of Itron Common Stock.
• The shares were sold at a price of $114.9451 per share.
• This sale was an automatic transaction to cover tax withholding obligations associated with the vesting of a restricted stock unit (RSU) award.
• Following this transaction, Patrick Justin K beneficially owns 30,185 shares of Itron Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine, non-discretionary sale of shares to cover tax obligations related to RSU vesting, which is a common practice in executive compensation and does not reflect a change in investment sentiment by the insider.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• The impact on shareholders is minimal as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in the insider's view of the company's prospects.

Key Dates

Recommendation

Keywords

Itron, ITRI, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, Tax Withholding, Executive Compensation