Transaction details
On February 24, 2026, Laurie Ann Pulatie-Hahn, Itron, Inc.'s senior vice president of human resources, sold 176 shares of the company's common stock at a per-share price of $94.8147, producing a gross transaction amount of $16,687. Following the sale, Pulatie-Hahn's direct holdings in Itron stand at 32,774 shares. The reported sale was carried out specifically to satisfy tax withholding obligations arising from the vesting of a restricted stock unit award.
Market and valuation snapshot
At the time of the report, Itron stock was trading at $96.08 and carried a price-to-earnings ratio of 14.84. Analysis noted within the referenced InvestingPro service characterizes Itron as appearing undervalued and trading at a low P/E ratio relative to near-term earnings growth - a single observation among more than eight ProTips available to subscribers.
Quarterly results
Itron's fourth-quarter 2025 financial results exceeded analysts' estimates. The company reported diluted earnings per share of $2.46, above the consensus projection of $2.19. Revenue for the quarter was $572 million, also higher than the forecasted $561.48 million.
Analyst reactions
Following the quarterly release, several brokerages adjusted their views. Oppenheimer raised its price target on Itron to $133 from $125 while maintaining an Outperform rating. Baird upgraded Itron's rating to Outperform from Neutral and increased its price target to $128 from $118, citing opportunities related to utility grid modernization.
Financing activity
Concurrently with its operating results, Itron announced a private offering of $700 million in convertible senior notes due 2032, an increase from the initial $600 million plan. The notes carry a 0.00% interest rate and were expected to settle by February 26, 2026. The company has also granted the initial purchasers an option to acquire up to an additional $105 million in notes within a 13-day period from issuance. These actions were described as indicating a period of significant financial activity and strategic positioning for the company.
Context and limitations
The insider sale reported here was described as a transaction to meet tax obligations tied to equity compensation vesting. The reporting also outlines company-level developments including an earnings beat, analyst upgrades, and a larger-than-planned convertible note offering. The article reflects the facts provided and does not expand beyond the stated details or offer speculative interpretation of motives or market outcomes.
See disclosure field for editorial notes related to production and review.