Joan S. Hooper, senior vice president and chief financial officer of Itron INC (NASDAQ:ITRI), sold 962 shares of common stock on February 24, 2026, at a price of $94.8147 per share. The sale generated $91,211 in proceeds. Following the disposition, Hooper retains direct ownership of 121,808 shares of Itron.
The company disclosed that the sale was executed to cover tax withholding obligations tied to the vesting of a restricted stock unit award. No additional changes to Hooper's holdings were reported in conjunction with this transaction.
On the corporate performance front, Itron released fourth-quarter 2025 results that exceeded analysts' projections. The company reported earnings per share of $2.46 versus an expected $2.19, and revenue of $572 million compared with a forecast of $561.48 million. Those results prompted at least two analyst firms to adjust their views of the stock.
Oppenheimer responded to the beat by raising its price target on Itron to $133 while maintaining an Outperform rating. Baird also moved to upgrade Itron's stock to Outperform from Neutral, citing opportunities related to utility grid modernization as a factor in its reassessment.
In addition to earnings momentum and analyst interest, Itron priced a private offering of $700 million in convertible senior notes due 2032. That issuance size represents an increase from an initially planned $600 million offering. Itron also granted the initial purchasers an option to buy up to an additional $105 million in notes.
Market commentary included on third-party platforms notes that Itron appears undervalued at current levels and references a Pro Research Report for more comprehensive analysis, though the company filing itself limited the explanation of the insider sale to tax withholding related to RSU vesting.
Taken together, the insider sale, stronger-than-expected quarterly results, analyst upgrades, and the expanded convertible note offering form the most recent publicly disclosed items affecting Itron's near-term profile. The insider transaction was described as a tax-related sell to satisfy withholding tied to vested equity rather than a discretionary cash-raising sale.
Contextual note - The disclosure accompanying the sale identifies only the tax withholding purpose for the transaction and the post-sale ownership level for Hooper. The company separately announced financial results and capital markets activity that have drawn analyst attention.