Itron SVP auto-sells shares for tax withholding
ITRON, INC. senior vice president Patrick Justin K reported an automatic sale of common stock tied to equity compensation.
Rhea-AI Filing Summary
ITRON, INC. senior vice president Patrick Justin K reported an automatic sale of common stock tied to equity compensation. On the transaction date, 385 shares were sold in an open-market transaction at an average price of about $94.81 per share to cover tax withholding obligations from a restricted stock unit vesting. After this tax-related sale, he continued to hold 33,131 shares of Itron common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 385 shares
Net Sell
1 txn
Insider
Patrick Justin K
Role
SVP, Device Solutions
Sold
385 shs ($37K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 385 | $94.8147 | $37K |
Holdings After Transaction:
Common Stock — 33,131 shares (Direct)
Footnotes (1)
- F1. Represents shares automatically sold to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
FAQ
What insider transaction did Itron (ITRI) report for Patrick Justin K?
Itron reported that SVP Patrick Justin K sold 385 shares of common stock in an open-market transaction. The sale was automatically executed to satisfy tax withholding obligations arising from the vesting of a restricted stock unit award, according to the accompanying footnote disclosure.
Was the Itron (ITRI) insider sale by Patrick Justin K discretionary?
The sale was described as shares automatically sold to cover tax withholding obligations from a restricted stock unit vesting. This language indicates the transaction was driven by tax requirements on equity compensation, rather than a discretionary decision to sell for portfolio or valuation reasons.
What does the Form 4 footnote say about the Itron (ITRI) insider sale?
The footnote explains that the reported shares represent stock automatically sold to cover tax withholding obligations. These obligations were associated with the vesting of a restricted stock unit award, clarifying that the transaction is linked to compensation-related tax requirements rather than independent trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.