Itron (ITRI) VP Wright sells 74 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Itron, Inc. executive David Marshall Wright, VP, Corp. Controller & CAO, reported selling 74 shares of common stock at $84.3667 per share. According to the footnote, these shares were automatically sold to cover tax withholding obligations tied to a restricted stock unit vesting. After this tax-related sale, he directly holds 8,805 shares of Itron common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 74 shares ($6,243)
Net Sell
1 txn
Insider
Wright David Marshall
Role
VP, Corp. Controller & CAO
Sold
74 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 74 | $84.3667 | $6K |
Holdings After Transaction:
Common Stock — 8,805 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 74 shares
Sale price per share: $84.3667 per share
Shares held after transaction: 8,805 shares
3 metrics
Shares sold
74 shares
Automatically sold to cover tax withholding on RSU vesting
Sale price per share
$84.3667 per share
Common stock sale to satisfy tax obligations
Shares held after transaction
8,805 shares
Direct ownership of Itron common stock post-transaction
Key Terms
restricted stock unit, tax withholding obligations, open-market sale, Common Stock
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 associated"
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.
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.
FAQ
What insider transaction did Itron (ITRI) report for David Marshall Wright?
Itron reported that executive David Marshall Wright sold 74 shares of common stock. The shares were automatically sold to satisfy tax withholding obligations related to a restricted stock unit vesting, rather than as a discretionary open-market sale.
What role does David Marshall Wright hold at Itron (ITRI) in this Form 4?
David Marshall Wright is identified as Itron’s VP, Corporate Controller & Chief Accounting Officer. His position and officer status are disclosed in the Form 4, providing context for the reported tax-related sale of common stock shares.
Does the Itron (ITRI) Form 4 indicate a routine tax withholding sale?
Yes. The footnote explains the 74 shares were automatically sold to cover tax withholding obligations from a restricted stock unit vesting. This language indicates a tax-driven, mechanical sale rather than a discretionary open-market decision about Itron’s share price.