David Marshall Wright, who serves as vice president, corporate controller and chief accounting officer at Itron, INC. (NASDAQ:ITRI), executed a sale of 264 shares of the company's common stock on February 20, 2026. The shares changed hands at a price of $100.1664 each, producing total proceeds of $26,443.
The company disclosed that the disposition was carried out to meet tax withholding obligations associated with the vesting of a restricted stock unit award. After the sale, Wright retained direct ownership of 9,124 Itron shares.
Itron, a company with a market capitalization of $4.26 billion, is noted to have a "GREAT" financial health score under InvestingPro metrics.
In related corporate developments, Itron revealed plans for a private offering of $600 million in convertible senior notes due 2032. The offering includes an option for initial purchasers to acquire an additional $90 million in notes.
These financing plans come alongside the company’s fourth-quarter 2025 financial results, which outperformed analyst forecasts. Itron reported earnings per share of $2.46, surpassing the expected $2.19. Revenue for the quarter reached $572 million, above the forecasted $561.48 million.
Following the quarterly beat, Oppenheimer raised its price target on Itron shares to $133 while maintaining an Outperform rating. Baird moved its rating to Outperform from Neutral, citing opportunities around utility grid modernization as a rationale for the upgrade. The commentary from these firms, together with the financial prints and the convertible note announcement, are described as reflecting a positive outlook for Itron as analysts assess the company's prospects in the evolving energy sector.
This report consolidates the insider transaction details and the company’s recent strategic and financial updates. The insider sale was explicitly tied to tax obligations stemming from an equity award vesting, and the corporate actions include both capital markets activity and analyst reassessments in response to quarterly results.