What is the purpose of the 580-share Itron (ITRI) stock grant to Perez Santiago?

The 580-share grant represents quarterly stock compensation for independent members of Itron’s board. According to the footnote, these common shares are issued as part of their annual compensation for board service rather than as a discretionary investment transaction.

Itron (ITRI) director Perez Santiago receives 580-share stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Perez Santiago reported acquisition or exercise transactions in this Form 4 filing.

ITRON, INC. director Perez Santiago received a grant of 580 shares of common stock on April 1, 2026. This award is part of the quarterly stock compensation that independent board members receive for their service. After this grant, Perez Santiago directly owns 11,898 shares of Itron common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Perez Santiago

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	580	$0.00	--

Holdings After Transaction: Common Stock — 11,898 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 580 shares Price per share: $0.0000 Total shares after grant: 11,898 shares

3 metrics

Shares granted 580 shares Common Stock grant on April 1, 2026

Price per share $0.0000 Grant/award acquisition, non-cash compensation

Total shares after grant 11,898 shares Direct ownership following reported transaction

Key Terms

Grant, award, or other acquisition, Common Stock, annual compensation for board service

3 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock financial

"security_title: 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.

annual compensation for board service financial

"part of their annual compensation for board service"

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 11:56 AM

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^*

Perez Santiago

(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)
04/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2026		A		580⁽¹⁾	A	$0	11,898	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	04/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Itron (ITRI) director Perez Santiago report in this Form 4?

Perez Santiago reported receiving 580 shares of Itron common stock as a grant. The shares were awarded at no cost as part of his quarterly compensation for serving on Itron’s board of directors, increasing his direct holdings to 11,898 shares.

Was the Itron (ITRI) Form 4 transaction a market purchase or sale?

The Form 4 shows a grant, not a market trade. Perez Santiago received 580 shares coded as an award, with a price per share of 0.0000, reflecting equity compensation for board service rather than an open-market purchase or sale.

How many Itron (ITRI) shares does Perez Santiago own after this grant?

Following the reported grant, Perez Santiago directly owns 11,898 shares of Itron common stock. This total includes the new 580-share award provided as part of his quarterly equity compensation for serving as an independent member of Itron’s board.

Does the Itron (ITRI) Form 4 indicate any derivative securities for Perez Santiago?

The Form 4 data shows no derivative securities for Perez Santiago. The filing lists only a non-derivative transaction in Itron common stock, and the derivative holdings summary is empty, indicating no options or similar instruments in this report.