John F. Marcolini, Senior Vice President of Networked Solutions at Itron Inc., sold 275 shares of common stock on August 20, 2026, for a total of $26,902 at $97.8259 per share. The disposal was executed to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
Following the transaction, Marcolini retains direct ownership of 13,014 shares of Itron common stock. The shares were sold at a price close to Itron's closing price of $98.75 on the day of the transaction.
Itron reported second-quarter 2026 adjusted earnings per share of $1.59, exceeding analyst expectations of $1.29. Revenue for the quarter totaled $563 million, slightly below the consensus estimate of $566.34 million. The company achieved a record adjusted gross margin of 41.4%, a 460-basis-point increase year-over-year.
Needham maintained a 'buy' rating on Itron and raised its price target from $116 to $128, citing strong margin performance and improved full-year profit projections.
