Itron SVP Laurie Pulatie‑Hahn Sells 142 Shares in Routine Tax‑Withholding Move Amid Low‑Year Stock Price

Insider Selling in a Volatile Market

Itron’s latest Form 4 filing shows Senior Vice President Laurie Ann Pulatie‑Hahn liquidating 142 shares at $105.26 on February 11, 2026. The sale is a standard tax‑withholding exercise on a restricted stock unit, but it comes at a time when the stock is trading near its 52‑week low of $90.11. The transaction reduces her holdings to 21,783 shares, roughly 0.49 % of the outstanding shares—an amount that is unlikely to sway the market on its own but does add to a broader pattern of insider selling in the past year.

What This Means for Investors

The sale aligns with a steady stream of “sell” trades by Pulatie‑Hahn since May 2025, when she began divesting a modest block of shares for the same tax‑withholding reason. Her activity has been consistent but not aggressive; the average price per share in her sales has hovered in the low $110s, slightly above the current market price. For investors, this suggests that senior leadership is managing its tax liabilities rather than expressing pessimism about the company’s trajectory. However, the timing—just after a partnership announcement and amid a 10‑week decline—could raise eyebrows among traders who look for signals in insider behavior.

Profile of Laurie Ann Pulatie‑Hahn

Pulatie‑Hahn joined Itron in the HR function and has been an SVP since 2023. Her insider history is dominated by restricted‑stock‑unit vesting and the related tax‑withholding sales that have occurred quarterly. Over the last 12 months she has sold a total of 1,056 shares, representing less than 0.05 % of the company’s shares outstanding. The sales have been executed at prices that are at or slightly above the market, indicating that she does not appear to be liquidating for short‑term gains. Her profile is typical of senior executives who hold significant equity compensation but are not engaged in speculative trading.

Company‑Wide Insider Activity

Itron’s insider landscape remains mixed. In early January 2026, several executives—including CEO Thomas Deitrich and SVP Patrick Justin K—executed sizable sales of common stock and options. In contrast, a flurry of purchases by junior executives in January and October 2025 indicates confidence in the company’s long‑term prospects. The net effect is a balance of buying and selling that suggests a relatively stable insider sentiment, even as the stock has trended lower in recent weeks.

Looking Ahead

With the partnership to reduce wildfire risk still fresh on the market’s radar, Itron’s fundamentals appear solid: a $4.48 billion market cap, a P/E of 18.11, and a stable revenue stream from utilities. The insider selling, largely driven by tax mechanics, does not signal a looming downturn. Investors should monitor for any large‑block sales or changes in executive ownership that could indicate shifting confidence. For now, the company’s trajectory looks more influenced by macro‑utility demand and regulatory pressures than by insider sentiment alone.