Itron (ITRI) exec's 329-share tax sale leaves 27,945 held
Rhea-AI Filing Summary
ITRON, INC. (ITRI) reported an insider transaction by Donald L. Reeves III, SVP, Outcomes. On 2026-08-24, 329 shares of common stock were sold at $98.79 per share, pursuant to an automatic sale to cover tax withholding obligations arising from the vesting of a restricted stock unit award. After this tax-related sale, Reeves directly held 27,945 shares of Itron common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 329 shares
Net Sell
1 txn
Insider
Reeves Donald L. III
Role
SVP, Outcomes
Sold
329 shs ($33K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 329 | $98.79 | $33K |
Holdings After Transaction:
Common Stock — 27,945 shares (Direct)
Footnotes (1)
- F1. Represents shares automatically sold to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
Key Figures
Shares sold: 329 shares
Sale price per share: $98.79 per share
Shares owned after transaction: 27,945 shares
3 metrics
Shares sold
329 shares
Automatic sale on 2026-08-24 to cover tax withholding obligations
Sale price per share
$98.79 per share
Price for the 329 shares of Itron common stock sold on 2026-08-24
Shares owned after transaction
27,945 shares
Direct common stock holdings of Donald L. Reeves III after the sale
Key Terms
restricted stock unit, tax withholding obligations, Form 4
3 terms
restricted stock unit financial
"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"
Form 4 regulatory
"ITRI Form 4 transaction under a Rule 10b5-1 trading plan"
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 insider transaction did ITRI report for Donald L. Reeves III?
ITRON, INC. reported that Donald L. Reeves III sold 329 shares of common stock on 2026-08-24 at $98.79 per share. The shares were automatically sold to cover tax withholding obligations tied to the vesting of a restricted stock unit award.
Was the ITRI Form 4 sale by Donald L. Reeves III discretionary?
The Form 4 states the 329 shares were automatically sold to cover tax withholding obligations from a restricted stock unit vesting, indicating a tax-related transaction rather than a discretionary open-market sale for investment purposes.
Is the ITRI Form 4 transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the 329-share sale was made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.