ITRON Device Solutions Chief Sells $994,000 in Stock

Itron (ITRI) disclosed in a Form 4 filing with the SEC that Justin K. Patrick, senior vice president of Device Solutions, sold a combined 10,210 common shares on September 3 at $97.36 per share. The open-market transactions were worth roughly $994,046 in total.

The sales were reported in four separate lots on the same date: 7,883 shares, followed by 593, 581 and 1,153 shares, each at the same price. After the final transaction, Patrick held 22,065 shares of the metering and energy-management company directly.

All four lines carry transaction code S, which the filing describes as an open-market sale. That distinguishes them from codes A, M and F, which cover grants, option exercises and tax withholding and are treated as routine compensation events.

The filing does not state whether the sales were made under a pre-arranged trading plan, nor does it give a reason for the disposals. It also contains no information about the company's operations or outlook.

Form 4 filings are required within two business days of an insider transaction. For investors, a single executive's sale at a set price offers limited signal on its own, though it does reduce the stake held by one of Itron's senior operating managers by roughly a third.

This is a factual summary of a public filing or press release, not investment advice. Verify all figures against the source before acting on them.