Itron CFO sells shares to cover tax withholding
Itron, Inc. SVP & CFO Joan S. Hooper reported an automatic sale of 15,293 shares of common stock at an average price of about $99.54 per share.
Rhea-AI Filing Summary
Itron, Inc. SVP & CFO Joan S. Hooper reported an automatic sale of 15,293 shares of common stock at an average price of about $99.54 per share. According to the footnote, the shares were sold solely to cover tax withholding tied to a vested performance-based restricted stock unit award. After this transaction, she holds 124,196 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,293 shares
Net Sell
1 txn
Insider
Hooper Joan S
Role
SVP & CFO
Sold
15,293 shs ($1.52M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 15,293 | $99.5385 | $1.52M |
Holdings After Transaction:
Common Stock — 124,196 shares (Direct)
Footnotes (1)
- F1. Represents shares automatically sold to cover tax withholding obligations associated with the vesting of a performance-based restricted stock unit award.
FAQ
What insider transaction did Itron (ITRI) report for Joan S. Hooper?
Itron reported that SVP & CFO Joan S. Hooper disposed of 15,293 shares of common stock. The shares were automatically sold to cover tax withholding from a vested performance-based restricted stock unit award.
Was the Itron (ITRI) CFO’s Form 4 sale a routine tax withholding event?
Yes. The filing’s footnote explains the 15,293 shares were automatically sold to cover tax withholding. This indicates a routine disposition tied to vesting equity awards, not a discretionary open-market reduction of holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.