Patrick Justin K 4

What Happened Patrick Justin K, Senior Vice President, Device Solutions at Itron (ITRI), was granted two stock awards on February 18, 2026 totaling 18,892 restricted stock units (RSUs): 6,527 RSUs and 12,365 RSUs. Both awards were reported as acquisitions at $0.00 (i.e., no cash paid). These are awards/compensation, not open-market purchases or sales.

Key Details

• Transaction date and price: 2026-02-18; both grants reported at $0.00 per share.
• Total shares awarded: 18,892 RSUs (6,527 + 12,365).
• Shares owned after transaction: Not disclosed in this filing.
• Vesting/conditions:
  • Footnote 1: One-third of the award vests on the first anniversary, with the remaining two-thirds vesting in equal quarterly installments over the next 24 months (time-based vesting).
  • Footnote 2: One award represents shares earned under a performance-based RSU for the 2023–2025 performance period.
• Filing date: Report filed Feb 20, 2026 for transactions on Feb 18, 2026 (appears timely; no late-filing flag shown).

Context These awards are part of executive compensation—time-based and performance-based RSUs that vest over future periods—so they reflect compensation and potential future insider ownership rather than an immediate market bet. For retail investors, purchases can be a stronger near-term signal than grants; grants are common as part of pay programs and subject to vesting and performance conditions.