Itron (ITRI) independent director receives 621-share quarterly stock grant

Rhea-AI Filing Summary

ITRON, INC. director Sanjay Mirchandani reported an acquisition of common stock through a compensation grant. On July 1, 2026, he received 621 shares of common stock at $0.00 per share as part of the quarterly equity retainer for independent board members. Following this award, his direct holdings increased to 6,824 shares of Itron common stock. This is a compensation-related grant rather than an open‑market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mirchandani Sanjay

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	621	$0.00	--

Holdings After Transaction: Common Stock — 6,824 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock grant size: 621 shares Grant price: $0.00 per share Shares held after: 6,824 shares +1 more

4 metrics

Stock grant size 621 shares Common Stock grant on July 1, 2026

Grant price $0.00 per share Compensation award, not open-market purchase

Shares held after 6,824 shares Total direct Itron holdings post-transaction

Acquire transactions 1 transaction Form 4 transaction summary for this filing

Key Terms

Common Stock, Grant, award, or other acquisition, board of directors, annual compensation

4 terms

Common Stock financial

"Reflects the grant of common stock independent members of Itron's board"

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.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

board of directors financial

"independent members of Itron's board of directors receive quarterly"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

annual compensation financial

"part of their annual compensation for board service"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 02:09 PM Accepted by SEC EDGAR 07/02/2026 - 02:09 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mirchandani Sanjay

(Last) (First) (Middle)

2111 N. MOLTER ROAD

(Street)

LIBERTY LAKE WASHINGTON 99019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ITRON, INC. [ ITRI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2026		A		621(1)	A	$0	6,824	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the grant of common stock independent members of Itron's board of directors receive quarterly as part of their annual compensation for board service.

	/s/ Christopher E. Ware, attorney-in-fact	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Itron (ITRI) director Sanjay Mirchandani report in this Form 4?

He reported receiving 621 shares of Itron common stock as a grant. The shares were awarded at no cost as part of his quarterly compensation for serving as an independent member of Itron’s board of directors.

How many Itron (ITRI) shares did Sanjay Mirchandani receive and at what price?

He received 621 shares of Itron common stock at a price of $0.00 per share. This reflects an equity award rather than a market purchase, consistent with regular compensation for independent Itron board members.

What are Sanjay Mirchandani’s Itron (ITRI) holdings after this reported grant?

After the grant, his direct holdings total 6,824 shares of Itron common stock. This figure reflects the cumulative position following the 621-share compensation award reported in the current Form 4 filing.

Is the Itron (ITRI) Form 4 transaction an open-market buy or a compensation grant?

The transaction is a compensation grant, not an open-market buy. The 621 shares were awarded at no cost as part of the quarterly stock grants Itron provides to independent members of its board of directors for their service.

How often do Itron (ITRI) independent directors receive stock grants like this?

The footnote explains this reflects stock that independent board members receive quarterly. These grants form part of Itron’s annual compensation structure for directors, providing regular equity awards instead of one-time market purchases.