Form 4: Impinj CFO Cary Baker Executes Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Impinj's Chief Financial Officer, Cary Baker, sold shares to cover tax obligations after a portion of his restricted stock units vested.
Summary
- Cary Baker, the Chief Financial Officer of Impinj Inc., engaged in several transactions involving the company's common stock.
- On January 12, 2025, 937 restricted stock units (RSUs) vested, resulting in the acquisition of 937 shares.
- Following the vesting, Mr. Baker sold 140 shares on January 13, 2025, at a weighted average price of $140.5631 per share.
- He also sold an additional 150 shares on the same day at a weighted average price of $141.326 per share.
- These sales were conducted to cover tax withholding obligations related to the RSU vesting.
- After these transactions, Mr. Baker beneficially owns 71,754 shares of Impinj common stock.
Sentiment
Score: 5
Explanation: The document reflects routine stock transactions by an executive, which is neither positive nor negative for the company's overall outlook.
Industry Context
This is a routine filing related to stock transactions by a company executive, which is common practice in publicly traded companies. It does not indicate any specific trend or event within the broader technology industry.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies, and the reporting of these transactions via SEC Form 4 is standard practice.
- The sale of shares to cover tax obligations upon vesting of restricted stock units is a typical activity for executives receiving equity compensation.
- The price ranges at which the shares were sold are within the normal fluctuations of the stock price and do not indicate any unusual activity.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine and do not indicate any change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 01/12/2025 | 937 Restricted Stock Units vested for Cary Baker. |
| 01/13/2025 | Cary Baker sold 140 shares at a weighted average price of $140.5631 and 150 shares at a weighted average price of $141.326. |
| 01/14/2025 | SEC Form 4 filing date. |
Keywords
Impinj, Cary Baker, stock transactions, restricted stock units, RSU, insider trading, SEC Form 4, tax withholding
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.