Marcolini John F. 4

What Happened

• John F. Marcolini, Senior Vice President, Networked Solutions at Itron, received two equity awards on 2026-02-18 totaling 20,017 shares: 6,527 shares and 13,490 shares. Both grants are reported as acquisitions at $0 per share (typical for restricted stock units/awards).

Key Details

• Transaction date: 2026-02-18; Report filed: 2026-02-20 (timely filing).
• Grants: 6,527 shares (A) and 13,490 shares (A); reported price $0 and reported total $0 (reflects grant issuance, not cash paid).
• Footnote F1: The 6,527-share award vests one-third on the first anniversary of the grant, with the remaining two-thirds vesting in equal quarterly installments over the following 24 months (i.e., a ~3-year vesting schedule).
• Footnote F2: The 13,490 shares represent shares earned under a performance-based restricted stock unit award for the 2023–2025 performance period.
• Shares owned after the transaction are not specified in the provided filing.

Context

• These were equity awards (transaction code A), not open-market purchases or sales—no immediate cash outlay by the insider. Awards can be part of regular compensation and do not by themselves signal buying/selling sentiment.
• For retail investors, note the difference: time- or performance-based RSUs reward future service/targets and typically vest over time; economic value depends on Itron’s share price when/if the awards vest or are sold.