Form 4: Impinj CEO Chris Diorio Reports Stock Transactions
SEC Form 4 Filing
Chris Diorio, CEO of Impinj Inc., reports the acquisition and disposal of common stock and restricted stock units.
Summary
- Chris Diorio, the CEO of Impinj Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 15, 2024, Diorio acquired 1,562 shares of common stock through the vesting of restricted stock units (RSUs).
- On March 18, 2024, Diorio disposed of 557 shares at a weighted average price of $123.4813 and 55 shares at a weighted average price of $124.3806.
- These sales were non-discretionary transactions to cover tax withholding obligations related to the RSU settlement.
- Following these transactions, Diorio directly owns 279,813 shares of common stock and indirectly owns 572,494 shares through DFT L.L.C.
- Diorio also directly owns 1,563 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the nature of the transactions.
Key Dates
| Date | Description |
|---|---|
| 06/15/2020 | Reporting person was granted 25,000 RSUs. |
| 06/15/2021 | One fourth of RSUs vested. |
| 03/15/2024 | Acquisition of 1,562 shares through RSU vesting. |
| 03/18/2024 | Disposal of 557 and 55 shares of common stock. |
| 03/19/2024 | Date of signature. |
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