Itron SVP Patrick sells $36k in stock to cover tax obligations
#Itron stock sale #Patrick Justin K #Insider trading #Tax obligations #Restricted stock units #Itron earnings #Analyst upgrades #Utility grid modernization
📌 Key Takeaways
- Itron SVP Patrick sold 385 shares worth $36,503 to cover tax obligations
- The sale was related to restricted stock unit vesting
- Itron stock appears undervalued according to market analysis
- Company reported stronger-than-expected Q4 2025 earnings
- Analysts have upgraded Itron's rating and price target
📖 Full Retelling
Itron Inc. Senior Vice President, Device Solutions, Patrick Justin K sold 385 shares of common stock on February 24, 2026, at a price of $94.8147, generating $36,503 to cover tax withholding obligations associated with the vesting of a restricted stock unit award. Following this transaction, Patrick Justin K directly owns 33,131 shares of Itron Inc., as disclosed in a Form 4 filing with the Securities and Exchange Commission. The stock sale comes amid Itron trading at a P/E ratio of 14.8, which InvestingPro analysis suggests is low relative to the company's near-term earnings growth potential, indicating the stock may be undervalued at current levels. Itron's recent financial performance has been robust, with the company reporting fourth-quarter 2025 earnings that surpassed analyst expectations at $2.46 per share compared to the forecasted $2.19, while revenue exceeded projections at $572 million against the expected $561.48 million. This strong performance has prompted analyst upgrades, with Oppenheimer raising its price target for Itron shares to $133 while maintaining an Outperform rating, and Baird upgrading the stock to Outperform from Neutral, citing opportunities in utility grid modernization. Additionally, Itron recently priced a private offering of $700 million in convertible senior notes due 2032, increasing the size from the initially planned $600 million, which includes an option for initial purchasers to buy an additional $105 million in notes.
🏷️ Themes
Executive Stock Sales, Corporate Financial Performance, Market Valuation, Analyst Ratings
📚 Related People & Topics
Restricted stock
Category of stock
Restricted stock, also known as restricted securities, is stock of a company that is not fully transferable (from the stock-issuing company to the person receiving the stock award) until certain conditions (restrictions) have been met. Upon satisfaction of those conditions, the stock is no longer re...
Insider trading
Trading using nonpublic information
# Insider Trading **Insider trading** is the trading of a public company's stock or other securities (such as bonds or stock options) based on **material, nonpublic information** about the company. While the practice is common, its legality is subject to complex regulations that vary significantly ...
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Connections for Restricted stock:
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SEC filing
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Insider trading
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Transparency (market)
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Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Netflix declines to match Paramount Skydance bid for Warner Bros This is where Deutsche Bank sees silver prices ending the year Dorsey’s Block slashes workforce 40% to embrace AI-native future, shares gain Nvidia CEO Huang said SaaSpocalypse narrative wrong, sees ’deep misunderstanding’ (South Africa Philippines Nigeria) Itron SVP Patrick sells $36k in stock to cover tax obligations By Investing.com Insider Trading Published 02/26/2026, 11:48 PM Itron SVP Patrick sells $36k in stock to cover tax obligations 0 ITRI -1.10% Itron Inc. (NASDAQ:ITRI) Senior Vice President, Device Solutions, Patrick Justin K, sold 385 shares of common stock on February 24, 2026, at a price of $94.8147, according to a Form 4 filing with the Securities and Exchange Commission. The total value of the sale was $36,503. The sale was executed to cover tax withholding obligations associated with the vesting of a restricted stock unit award. Following the transaction, Patrick Justin K. directly owns 33,131 shares of Itron , Inc.The transaction comes as Itron trades at a P/E ratio of 14.8, which InvestingPro analysis suggests is low relative to the company’s near-term earnings growth potential. According to InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels. Investors seeking deeper insights can access 6 additional ProTips and comprehensive financial metrics on the platform. In other recent news, Itron Inc. reported its fourth-quarter 2025 earnings, surpassing analyst expectations with an earnings per share of $2.46 compared to the forecasted $2.19. The company’s revenue also exceeded projections, reaching $572 million against the expected $561.48 million. Following these strong results, Oppenheimer raised its price target for Itron shares to $133, maintaining an Outperform rating, while Baird upgraded Itron’s stock rating to Outperform from Neutral, citing opportunities in utility grid modernization. Additi...
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