Form 4: Impinj CFO Cary Baker Executes Stock Transactions Following PSU Vesting

Cary Baker, CFO of Impinj Inc., reports the vesting of performance-based stock units and subsequent sale of shares to cover tax obligations.

Summary

• Cary Baker, the CFO of Impinj Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 20, 2025, performance-restricted stock units (PSUs) vested, resulting in 6,250 shares of common stock.
• Baker sold 701 shares on February 21, 2025, at a weighted average price of $97.8241.
• An additional 234 shares were sold on the same day at a weighted average price of $98.8629.
• Another 618 shares were sold on February 21, 2025, at a weighted average price of $99.7868.
• These sales were non-discretionary transactions to cover tax withholding obligations related to the PSU settlement.
• Following these transactions, Baker directly owns 76,451 shares of Impinj Inc.
• The vesting of the PSUs was determined by the Issuer's Board of Directors on February 19, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock transactions are a common occurrence, particularly following vesting events. The sale of shares to cover tax obligations is a standard practice.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares sold.

Key Dates

Keywords

Form 4, Beneficial Ownership, Cary Baker, Impinj, PSU, Stock Sale, Tax Withholding, Officer, PI