Form 4: Impinj CEO Chris Diorio Exercises and Sells Shares to Cover Tax Obligations
SEC Form 4
CEO Chris Diorio of Impinj Inc. reports the vesting of performance restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- Chris Diorio, CEO of Impinj Inc., reported the vesting of 20,750 shares of common stock on February 20, 2025, related to performance restricted stock units (PSUs) granted on March 23, 2022.
- The vesting was contingent upon the achievement of certain performance criteria, which were determined by the Issuer's Board of Directors on February 19, 2025.
- Following the vesting, Diorio sold a total of 8,334 shares of common stock on February 21, 2025, at prices ranging from $97.20 to $100.25.
- These sales were executed to cover tax withholding obligations associated with the vesting of the PSUs.
- After these transactions, Diorio directly owns 354,076 shares of Impinj Inc. common stock and indirectly owns 487,494 shares through DFT L.L.C.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 2022-03-23 | Reporting Person was granted performance restricted stock units (PSUs). |
| 2025-02-19 | The Issuer's Board of Directors determined the level at which the corporate performance goals were attained. |
| 2025-02-20 | Vesting of 20,750 shares of Common Stock underlying the PSUs. |
| 2025-02-21 | Sale of 8,334 shares of common stock to cover tax withholding obligations. |
| 2025-02-24 | Date of signature for the SEC Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.