Laurie Ann Pulatie-Hahn, who serves as senior vice president of human resources at Itron, Inc. (NASDAQ: ITRI), executed a sale of 3,755 common shares on February 19, 2026. The shares were sold at $99.5385 apiece, producing a total transaction value of $373,767, according to a Form 4 filing with the Securities and Exchange Commission.
Following the disposition, Pulatie-Hahn directly holds 33,679 shares of Itron common stock. The filing indicates the shares were sold to satisfy tax withholding obligations tied to the vesting of a performance-based restricted stock unit award.
At the time of the report, Itron shares were trading at $98.02, reflecting an 11.4% increase over the previous week.
Separately, Itron released fourth-quarter results for 2025 that outperformed analyst expectations. The company reported earnings per share of $2.46, above the forecasted $2.19, and recorded revenue of $572 million versus analysts' estimates of $561.48 million.
Market reactions to the quarterly report included analyst coverage moves. Oppenheimer raised its price target for Itron to $133 while maintaining an Outperform rating. Baird upgraded the stock to Outperform from Neutral, citing opportunities in utility grid modernization as a factor behind its decision.
In addition to the earnings release and analyst updates, Itron announced plans for a private offering of $600 million in convertible senior notes due 2032, with an option for initial purchasers to acquire an additional $90 million in notes. The company said final terms of the offering - including the interest rate and the initial conversion rate - will be determined at pricing.
Taken together, the insider sale tied to tax withholding, the stronger-than-expected quarterly results, analyst adjustments and the planned convertible note offering are presented by the company as developments that reflect positively on Itron's financial health and strategic positioning in the market.