Form 4: Impinj CEO Chris Diorio Reports Stock Transactions
SEC Form 4 Filing
Chris Diorio, CEO of Impinj Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On September 23, 2024, Impinj CEO Chris Diorio vested 2,594 and 1,224 restricted stock units (RSUs) granted in March 2022 and March 2023, respectively.
- Following the vesting, Diorio sold 1,020 shares on September 24, 2024, at a weighted average price of $208.7408, with prices ranging from $208.295 to $209.27.
- An additional 478 shares were sold on the same day at a weighted average price of $209.919, with prices ranging from $209.65 to $210.26.
- These sales were non-discretionary transactions to cover tax withholding obligations related to the RSU settlement.
- After these transactions, Diorio directly owns 292,532 shares of Impinj common stock and indirectly owns 532,494 shares through DFT L.L.C.
- Diorio also holds 15,563 and 12,238 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Reporting person was granted 41,500 RSUs. |
| 03/23/2023 | Reporting person was granted 19,580 RSUs. |
| 09/23/2024 | RSUs vested. |
| 09/24/2024 | Shares sold to cover tax obligations. |
| 09/25/2024 | Date of signature. |
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