Patrick Justin K 4

What Happened
Patrick Justin K, Senior Vice President, Device Solutions at Itron, sold 216 shares of ITRON, INC. (ITRI) on 2026-05-26 at $84.37 per share, generating proceeds of $18,223. The filing indicates these shares were automatically sold to cover tax withholding related to the vesting of a restricted stock unit (RSU) award — a routine, non-discretionary transaction rather than a directional bet on the stock.

Key Details

• Transaction date and price: 2026-05-26 — 216 shares at $84.37 per share.
• Total proceeds: $18,223 (approx).
• Transaction type/code: Sale (S); footnote F1 indicates sale for tax withholding on RSU vesting.
• Shares owned after transaction: Not reported in the provided summary.
• Filing: Form 4 filed 2026-05-27 (one day after the transaction), no indication of a late filing.

Context
"Sell-to-cover" transactions occur when shares from vested equity awards are automatically sold to satisfy tax withholding and are generally considered routine. Such sales do not necessarily indicate the insider's view on the company's outlook. Purchases or open-market buys typically provide clearer signals of insider confidence than routine withholding sales.