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
- Cary Baker, the Chief Financial Officer of Impinj Inc., filed a Form 4 detailing changes in beneficial ownership.
- On July 12, 2024, Baker acquired 937 shares of common stock through the vesting of restricted stock units (RSUs).
- Also on July 12, 2024, 937 restricted stock units vested.
- On July 15, 2024, Baker disposed of 192 shares at a weighted average price of $174.8859, 122 shares at $175.8281, and 42 shares at $176.6495.
- These sales were non-discretionary transactions to cover tax withholding obligations related to the RSU settlement.
- Following these transactions, Baker directly owns 69,760 shares of Impinj common stock and 2,813 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the technology industry.
Comparison to Industry Standards
- Executive stock transactions are a normal part of compensation and wealth management for executives at publicly traded companies like Impinj.
- Similar transactions are regularly reported by executives at comparable companies such as NXP Semiconductors, Skyworks Solutions, and Qorvo.
- The scale of these transactions is typical for a CFO at a company with Impinj's market capitalization.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are routine executive stock sales.
- Shareholders may be interested in executive stock ownership as an indicator of management's alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 2021/04/12 | 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. |
| 2022/04/12 | One fourth of the 15,000 RSUs granted on April 12, 2021 vested. |
| 2024/07/12 | 937 shares acquired through RSU vesting; one-sixteenth of the 15,000 RSUs granted on April 12, 2021 vested. |
| 2024/07/15 | 356 shares disposed of to cover tax obligations. |
| 2024/07/16 | Date of Form 4 filing. |
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