Itron (ITRI) SVP Marcolini auto-sells 267 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ITRON, INC. senior vice president John F. Marcolini reported a small, automatic share sale tied to equity compensation. On the transaction date, 267 shares of common stock were sold at an average price of $79.5976 per share to cover tax withholding obligations from a vested restricted stock unit award. After this tax-related sale, Marcolini directly owned 25,011 shares, indicating he retained the vast majority of his holdings and that the transaction was routine rather than a discretionary reduction in ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 267 shares ($21,253)
Net Sell
1 txn
Insider
Marcolini John F.
Role
SVP, Networked Solutions
Sold
267 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 267 | $79.5976 | $21K |
Holdings After Transaction:
Common Stock — 25,011 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 267 shares
Sale price: $79.5976 per share
Shares owned after transaction: 25,011 shares
3 metrics
Shares sold
267 shares
Automatic sale to cover tax withholding on RSU vesting
Sale price
$79.5976 per share
Average price for the 267-share tax-related sale
Shares owned after transaction
25,011 shares
Direct holdings of John F. Marcolini following the sale
Key Terms
restricted stock unit, tax withholding obligations, open-market sale, 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"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
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 Itron (ITRI) report for John F. Marcolini?
Itron reported that SVP John F. Marcolini had 267 shares of common stock sold automatically to cover tax withholding tied to a restricted stock unit vesting. This was a routine compensation-related event, not a discretionary open-market sale of his broader holdings.