Form 4: Impinj CFO Cary Baker Reports Stock Sales to Cover Tax Obligations
SEC Form 4 Filing
Cary Baker, CFO of Impinj Inc., reports the sale of common stock to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On October 12, 2024, Cary Baker, the CFO of Impinj Inc., had 938 shares of common stock acquired through the vesting of restricted stock units (RSUs).
- Baker then sold shares of Impinj common stock on October 14, 2024, in multiple transactions.
- The sales were conducted at varying prices, ranging from $236.83 to $238.70 per share.
- These sales were non-discretionary and intended to cover tax withholding obligations associated with the RSU settlement.
- Following these transactions, Baker directly owns 71,096 shares of Impinj common stock.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but reflects routine financial activity.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| April 12, 2021 | Reporting person was granted 15,000 RSUs, one fourth of which vested on April 12, 2022, with an additional one-sixteenth of such RSUs vesting every three months thereafter. |
| April 12, 2022 | One fourth of the 15,000 RSUs granted on April 12, 2021 vested. |
| 10/12/2024 | 938 shares acquired through RSU vesting; one-sixteenth of the 15,000 RSUs granted on April 12, 2021 vested. |
| 10/14/2024 | Sale of 189 shares at $237.495, 174 shares at $238.1644, and 3 shares at $239.36. |
| 10/15/2024 | Date of signature on the Form 4 filing. |
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