Form 4: Impinj CFO Cary Baker Reports Stock Transactions
SEC Form 4 Filing
Cary Baker, CFO of Impinj Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.
Summary
- On September 23, 2024, Cary Baker, the CFO of Impinj Inc., acquired 781 and 479 shares of common stock through the vesting of restricted stock units (RSUs).
- On September 24, 2024, Baker disposed of 330 shares at a weighted average price of $208.8338 and 166 shares at a weighted average price of $209.8286.
- These disposals were non-discretionary transactions to cover tax withholding obligations related to the RSU settlements.
- Following these transactions, Baker directly owns 70,524 shares of Impinj common stock and 4,791 restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects routine insider transactions related to compensation and tax obligations, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Grant date of 12,500 RSUs, one sixteenth of which vested on September 23, 2024. |
| 03/23/2023 | Grant date of 7,665 RSUs, one sixteenth of which vested on September 23, 2024. |
| 09/23/2024 | Vesting of RSUs and acquisition of common stock. |
| 09/24/2024 | Disposal of common stock to cover tax obligations. |
| 09/25/2024 | Date of Form 4 signature. |
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.