Form 4: Impinj CEO Chris Diorio Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
CEO Chris Diorio reports the vesting of restricted stock units (RSUs) and subsequent stock transactions, including share remittances for tax obligations.
Summary
- Chris Diorio, CEO of Impinj Inc., reported transactions related to the vesting of restricted stock units (RSUs).
- On March 23, 2025, Diorio vested RSUs granted on March 23, 2022 (2,594 units), March 23, 2023 (1,224 units), and March 23, 2024 (7,268 units).
- Following the vesting, shares were remitted to the issuer to cover tax withholding obligations, resulting in a disposition of 4,363 shares at a price of $90.25.
- After these transactions, Diorio directly owns 360,799 shares of Impinj common stock and indirectly owns 487,494 shares through DFT L.L.C.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Grant date of 41,500 RSUs, one-sixteenth of which vested on March 23, 2025. |
| 03/23/2023 | Grant date of 19,580 RSUs, one-sixteenth of which vested on March 23, 2025. |
| 03/23/2024 | Grant date of 29,075 RSUs, one-fourth of which vested on March 23, 2025. |
| 03/23/2025 | Vesting date of RSUs granted in 2022, 2023 and 2024; stock transactions occurred. |
| 03/24/2025 | Disposition of shares to cover tax obligations. |
| 03/25/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Chris Diorio, Impinj, RSU, Stock, Vesting, CEO
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