John F. Marcolini, who serves as senior vice president of Networked Solutions at Itron, INC. (NASDAQ:ITRI), disposed of 560 shares of the company's common stock on February 24, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The shares were sold at $94.81 apiece, producing a total gross transaction value of $53,096.
The filing states the disposition was carried out to satisfy tax withholding obligations that arose when a restricted stock unit award vested. After completing this sale, Marcolini directly holds 25,278 shares of Itron.
Since the transaction, Itron's share price has risen to $96.43, with the company's market capitalization reported at $4.33 billion.
Operational and market context
Itron's recent corporate results and capital-market moves provide additional context around the insider sale. The company reported fourth-quarter 2025 earnings that outperformed consensus expectations, delivering earnings per share of $2.46 versus an expected $2.19. Revenue for the quarter came in at $572 million compared with a forecast of $561.48 million.
Following those results, Oppenheimer raised its price target for Itron shares to $133, while Baird upgraded the stock from Neutral to Outperform, highlighting the company’s multi-year opportunity in utility grid modernization. Financial maneuvers during this period also included the pricing of a $700 million convertible senior notes offering due 2032, increased from an initially planned $600 million. The offering carries a 0.00% interest rate and includes an option for initial purchasers to buy an additional $105 million in notes.
On valuation metrics, InvestingPro analysis cited in the filing indicates the company is trading at a price-to-earnings ratio of 14.84 and a PEG ratio of 0.57. The platform’s Financial Health score for Itron is reported as "GOOD."
What the filing shows
- Insider: John F. Marcolini, SVP, Networked Solutions
- Transaction: Sale of 560 shares on February 24, 2026
- Sale price: $94.81 per share
- Total value: $53,096
- Post-sale direct ownership: 25,278 shares
The filing explicitly notes the purpose of the sale was to meet tax withholding obligations tied to RSU vesting rather than an open-market reassessment of company prospects.
Disclosure: