John F. Marcolini, Itron Inc.'s (NASDAQ: ITRI) senior vice president for Networked Solutions, executed a sale of 1,074 common shares on February 20, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were transacted at $100.17 each, producing total proceeds of $107,578.
The filing specifies that the disposition was made to satisfy tax withholding obligations tied to the vesting of a restricted stock unit award. After the sale, Marcolini retains direct ownership of 25,838 Itron shares.
At the time of the Form 4 transaction, Itron shares were priced at the reported sale level, but the stock has since moved to $95.21. Despite that intraday decline from the sale price, the share price recorded a 6.6% gain over the past week.
Valuation metrics cited in public commentary place Itron at a price-to-earnings ratio of 14.68 and a PEG ratio of 0.58. InvestingPro analysis included in the company commentary characterizes Itron as appearing undervalued at current levels, and notes that comprehensive Pro Research Reports covering Itron and more than 1,400 other U.S. equities are available for investors seeking deeper analysis.
Recent corporate results and market reactions provide context for the insider transaction. Itron reported fourth-quarter 2025 earnings per share of $2.46, ahead of the consensus estimate of $2.19. Revenue for the quarter was $572 million, above the forecast of $561.48 million.
Following the quarter, Oppenheimer raised its price target on Itron from $125 to $133 while maintaining an Outperform rating. The firm’s action followed Itron's issuance of fiscal 2026 guidance that topped market expectations. Separately, Baird upgraded Itron from Neutral to Outperform and increased its price target from $118 to $128, citing what it described as a material opportunity in utility grid modernization.
In addition to operational and analyst developments, Itron announced plans to offer $600 million in convertible senior notes due 2032 to qualified institutional buyers, with an option for initial purchasers to acquire up to an additional $90 million in notes. The company framed these actions along with its recent results as evidence of strong financial performance and strategic initiatives.
These sequential items - an insider sale to meet tax obligations, outperformance on quarterly results, analyst upgrades, improved guidance and a convertible note offering - collectively outline the current investor narrative on Itron. The facts reported in regulatory filings and company disclosures provide the basis for market reactions and analyst reassessments.