Form 4: Impinj CFO Cary Baker Reports Stock Transactions
SEC Form 4 Filing
Cary Baker, CFO of Impinj Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- Cary Baker, the Chief Financial Officer of Impinj Inc., filed a Form 4 detailing changes in beneficial ownership.
- On June 23, 2024, restricted stock units (RSUs) vested, specifically 781 RSUs from a grant on March 23, 2022, and 479 RSUs from a grant on March 23, 2023.
- Baker sold shares of common stock on June 24, 2024, in two separate transactions at weighted average prices of $147.1865 and $148.2662, disposing of 292 and 211 shares respectively.
- These sales were non-discretionary transactions to cover tax withholding obligations related to the RSU settlement.
- Following these transactions, Baker directly owns 69,179 shares of Impinj common stock and holds 5,270 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The vesting of RSUs indicates that performance milestones or time-based vesting requirements have been met.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which investors monitor for insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the insider transactions for insights into management's actions.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Grant date of 12,500 Restricted Stock Units (RSUs). |
| 03/23/2023 | Grant date of 7,665 Restricted Stock Units (RSUs). |
| 06/23/2024 | Vesting date of RSUs from the grants on March 23, 2022 and March 23, 2023. |
| 06/24/2024 | Date of common stock sales to cover tax obligations. |
| 06/25/2024 | Date of Form 4 filing. |
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