Form 4: Impinj CFO Cary Baker Reports Stock Transactions
SEC Form 4 Filing
Cary Baker, CFO of Impinj Inc., reports the vesting and sale of restricted stock units to cover tax obligations.
Summary
- Cary Baker, the Chief Financial Officer of Impinj Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On December 23, 2024, Baker vested 781 and 479 shares of common stock from restricted stock units (RSUs) granted on March 23, 2022 and March 23, 2023 respectively.
- Baker then sold 499 shares of common stock on December 24, 2024, at a weighted-average price of $146.0618 per share.
- The sales were non-discretionary transactions to cover tax withholding obligations related to the RSU settlements.
- Following these transactions, Baker directly owns 71,107 shares of Impinj common stock and holds 4,312 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding.
Key Dates
| Date | Description |
|---|---|
| 2022-03-23 | Reporting person was granted 12,500 RSUs, one sixteenth of which vested on December 23, 2024. |
| 2023-03-23 | Reporting person was granted 7,665 RSUs, one sixteenth of which vested on December 23, 2024. |
| 2024-12-23 | Vesting of 781 and 479 shares from RSUs. |
| 2024-12-24 | Sale of 499 shares of common stock. |
| 2024-12-26 | Date of Form 4 filing. |
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