Reeves Donald L. III 4

What Happened
Donald L. Reeves III, Senior Vice President, Outcomes at Itron, sold 1,071 shares of ITRON common stock on 2026-02-20 at $100.17 per share, generating approximately $107,278. The Form 4 lists the transaction as an open market or private sale (code S), and a footnote clarifies the shares were automatically sold to cover tax withholding obligations related to the vesting of restricted stock units.

Key Details

• Transaction date: 2026-02-20; Price: $100.17 per share; Total proceeds: ~$107,278.
• Transaction type: Sale (open market/private sale), listed as a disposition.
• Footnote: F1 — shares automatically sold to satisfy tax withholding for RSU vesting.
• Shares owned after transaction: Not disclosed in this filing.
• Filing date: 2026-02-23; filing appears to be timely (reports the Feb 20 transaction).

Context
Automatic sales to cover tax withholding on RSU vesting are routine and do not necessarily indicate a decision to reduce overall holdings or express a view on the stock — they are administrative actions to satisfy tax obligations. For retail investors, such withholding sales are generally less informative than voluntary open-market purchases by insiders.