Research Summary
AI-generated summary of this SEC filing
ITRON SVP Patrick Justin K Sells 222 Shares
What Happened
- Patrick Justin K, Senior Vice President, Device Solutions at Itron, sold 222 shares of ITRON common stock on 2026-08-24 at $98.79 per share, generating $21,931 in proceeds. This was a sale (not a purchase) and was made to satisfy tax-withholding obligations tied to the vesting of restricted stock units.
Key Details
- Transaction date and price: 2026-08-24 at $98.79 per share
- Shares disposed: 222; total proceeds: $21,931
- Shares owned after transaction: Not disclosed in the filing
- Footnote: F1 — shares were automatically sold to cover tax withholding on RSU vesting (a sell-to-cover transaction)
- Filing date: 2026-08-25; the filing appears timely relative to the transaction date
Context
- Sell-to-cover transactions are routine administrative sales to satisfy tax obligations when equity awards vest and do not necessarily signal insider confidence or lack thereof. This was not a discretionary open-market sale of additional holdings and reflects tax withholding on an award rather than a new investment decision.