Patrick Justin K 4
Research Summary
AI-generated summary
Itron (ITRI) SVP Patrick Justin K Sells 828 Shares
What Happened
Patrick Justin K, Senior Vice President, Device Solutions at Itron (ITRI), sold 828 shares on 2026-02-20 at $100.17 per share for a total of $82,938. The filing indicates the sale was executed to cover tax withholding associated with the vesting of restricted stock units (RSUs), a routine "sell-to-cover" transaction.
Key Details
- Transaction date and price: 2026-02-20 — 828 shares sold at $100.17 each.
- Total proceeds: $82,938 (gross amount reported).
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: F1 — shares were automatically sold to cover tax withholding on RSU vesting (tax-withholding sale).
- Filing date: 2026-02-23; this appears to be within the required two-business-day reporting window.
Context
Sell-to-cover transactions are common when RSUs vest and do not necessarily indicate a view on the company's stock — they are often executed solely to satisfy tax obligations. This was a sale (routine tax-related), not a purchase or exercise signaling additional insider accumulation.