Itron (ITRI) SVP sells 216 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Itron, Inc. senior vice president of Device Solutions Patrick Justin K reported a small share disposition related to equity compensation. On this Form 4, he sold 216 shares of Common Stock at an average price of $84.3667 per share. According to the footnote, these shares were automatically sold to cover tax withholding obligations arising from the vesting of a restricted stock unit award, rather than a discretionary portfolio sale. After this transaction, he directly holds 32,709 shares of Itron common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 216 shares ($18,223)
Net Sell
1 txn
Insider
Patrick Justin K
Role
SVP, Device Solutions
Sold
216 shs ($18K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 216 | $84.3667 | $18K |
Holdings After Transaction:
Common Stock — 32,709 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 216 shares
Sale price: $84.3667 per share
Shares held after transaction: 32,709 shares
3 metrics
Shares sold
216 shares
Automatic sale to cover tax withholding on RSU vesting
Sale price
$84.3667 per share
Average price for the 216 shares sold
Shares held after transaction
32,709 shares
Direct ownership following the reported Form 4 transaction
Key Terms
restricted stock unit, tax withholding obligations, Common Stock, Form 4
4 terms
restricted stock unit financial
"associated with the vesting of a restricted stock unit award"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligations financial
"shares automatically sold to cover tax withholding obligations associated"
Common Stock financial
"Represents shares of Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"On this Form 4, he sold 216 shares of Common Stock"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Itron (ITRI) executive Patrick Justin K report in this Form 4?
He reported the sale of 216 shares of Itron common stock. The filing states the shares were sold automatically to cover tax withholding tied to restricted stock unit vesting, leaving him with 32,709 shares held directly.
What role does Patrick Justin K hold at Itron (ITRI) according to the filing?
The Form 4 identifies Patrick Justin K as an officer of Itron, serving as Senior Vice President, Device Solutions. This title indicates he is a key executive responsible for the company’s device-focused business area and associated operations.
Is the Itron (ITRI) Form 4 sale by Patrick Justin K considered routine?
The filing characterizes the 216-share sale as automatic to cover tax withholding on restricted stock unit vesting. Such tax-related transactions are typically viewed as routine compensation administration rather than signaling a change in the executive’s outlook on the stock.