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Itron Executive Compensation (FY25)

ITRI · Liberty Lake, WA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 8, 2026
293 figures on this page: 284 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Thomas Deitrich was paid $11,208,405 in total compensation as President and CEO for fiscal 2025, and Deitrich's total moved 19.3% higher from the $9,395,744 reported for fiscal 2024. The company reported a chief executive pay ratio of 155:1 for fiscal 2025, against median employee compensation of $72,460. For fiscal 2025, shareholders backed the say-on-pay proposal with 89.7% of votes cast for or against in favor at the meeting held May 7, 2026. The disclosed peer group includes Advanced Energy Industries, Array Technologies, Bloom Energy Corporation, EnerSys and F5 Networks, Inc., among others.
Chief executive, fiscal 2025
◇
Thomas Deitrich
Latest say-on-pay support
=
May 7, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Thomas Deitrich: $9,395,744 → $11,208,405 (19.3% higher)
Say-on-pay support: 97.3% → 89.7% (7.6 points lower)
CEO pay ratio: 138.2:1 → 155:1 (12.2% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Itron's chief executive and what were they paid?
Thomas Deitrich was paid $11,208,405 in total compensation as President and CEO for fiscal 2025. Deitrich's total moved 19.3% higher from the $9,395,744 reported for fiscal 2024.
What was Itron's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 89.7% of votes cast for or against in favor at the meeting held May 7, 2026.
Which companies are in Itron's peer group?
The disclosed peer group includes Advanced Energy Industries, Array Technologies, Bloom Energy Corporation, EnerSys and F5 Networks, Inc., among others.
What is Itron's chief executive pay ratio?
The company reported a chief executive pay ratio of 155:1 for fiscal 2025, against median employee compensation of $72,460.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Deitrich
President and Chief Executive Officer
◇—◇———◇◇
Joan Hooper
Senior Vice President and Chief Financial Officer
◇—◇———◇◇
Michel Cadieux
Senior Vice President, Human Resources
◇—◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Deitrich
President and CEO
◇—◇—◇—◇◇
Joan Hooper
Senior Vice President and CFO
◇—◇—◇—◇◇
John Marcolini
Senior Vice President, Networked Solutions
◇◇◇—◇—◇◇
Donald Reeves
Senior Vice President, Outcomes
◇—◇—◇—◇◇
Justin Patrick
Senior Vice President, Device Solutions
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Deitrich
President and CEO
◇◇◇—◇—◇◇
Joan Hooper
Senior Vice President and CFO
◇—◇—◇—◇◇
John Marcolini
Senior Vice President, Networked Solutions
◇◇◇—◇—◇◇
Donald Reeves
Senior Vice President, Outcomes
◇—◇—◇—◇◇
Justin Patrick
Senior Vice President, Device Solutions
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Deitrich
President and CEO
◇◇◇—◇—◇◇
Joan Hooper
Senior Vice President and CFO
◇—◇—◇—◇◇
Donald Reeves
Senior Vice President, Outcomes
◇◇◇—◇—◇◇
John Marcolini
Senior Vice President, Networked Solutions
◇◇◇—◇—◇◇
Justin Patrick
Senior Vice President, Device Solutions
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Donald L. ReevesPSU◇—◇—◇—◇
Donald L. ReevesPSU◇—◇—◇—◇
Donald L. ReevesPSU◇—◇—◇—◇
Donald L. ReevesRSU◇——◇——◇
Joan S. HooperPSU◇—◇—◇—◇
Joan S. HooperPSU◇—◇—◇—◇
Joan S. HooperPSU◇—◇—◇—◇
Joan S. HooperRSU◇——◇——◇
John F. MarcoliniPSU◇—◇—◇—◇
John F. MarcoliniPSU◇—◇—◇—◇
John F. MarcoliniPSU◇—◇—◇—◇
John F. MarcoliniRSU◇——◇——◇
Justin K. PatrickRSU◇——◇——◇
Justin K. PatrickPSU◇—◇—◇—◇
Justin K. PatrickPSU◇—◇—◇—◇
Justin K. PatrickPSU◇—◇—◇—◇
Thomas L. DeitrichPSU◇—◇—◇—◇
Thomas L. DeitrichRSU◇——◇——◇
Thomas L. DeitrichPSU◇—◇—◇—◇
Thomas L. DeitrichPSU◇—◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Thomas DeitrichRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Joan HooperRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
John MarcoliniRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Donald ReevesRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Justin PatrickPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Diana D. Tremblay
Board chair
◇—————◇
Frank M. Jaehnert
◇—————◇
Timothy M. Leyden
◇◇————◇
Santiago Perez
◇◇————◇
Sanjay Mirchandani
◇◇————◇
Jerome J. Lande
—◇————◇
Lynda L. Ziegler
◇—————◇
Mary C. Hemmingsen
◇◇————◇
Sheri L. Savage
◇◇————◇
Scott D. Drury
◇◇————◇
Thomas L. Deitrich served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Advanced Energy Industries AEIS
  • Array Technologies ARRY
  • Bloom Energy Corporation BE
  • EnerSys ENS
  • F5 Networks, Inc. FFIV
  • ITT Inc. ITT
  • Mueller Water Products, Inc. MWA
  • NetScout Systems, Inc. NTCT
  • PTC Inc. PTC
  • SolarWinds Corporation SWI
  • Teradata Corporation TDC
  • Teradyne Inc. TER
  • Trimble Inc. TRMB
  • Unisys Corporation UIS
  • Watts Water Technologies, Inc WTS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019May 7, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 10, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Itron disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Itron sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
293 figures on this page: 284 cited to the filing that reported them, 9 calculated from figures it prints.
284 cited to the filing
9 calculated from the filing

Documents cited

  1. 0000780571-26-000116
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001140361-26-010703
    2025 Director Compensation Table (for all non-employee Directors) · 2025 Grants of Plan-Based Awards Table · CEO Pay Ratio · Compensation of Directors · and 2 more sections
  3. 0000780571-25-000022
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001140361-25-009992
    Summary Compensation Table
  5. 0000780571-24-000012
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001140361-24-014059
    Summary Compensation Table
  7. 0000780571-23-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001140361-23-012718
    Summary Compensation Table
  9. 0000780571-22-000013
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000780571-21-000017
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000780571-20-000014
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000780571-19-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000780571-18-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Itron executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ITRI (accessed 2026).
Short form: data: Velarion
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Tech — Hardware rankings

Chief executive pay — Tech — HardwareCEO pay ratio — Tech — HardwareSay-on-pay support — Tech — Hardware

Peers Itron discloses

The companies named in ITRI's own disclosed peer group.

Advanced Energy IndustriesNetScout Systems, Inc.PTC Inc.Teradata CorporationTeradyne Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy