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 June 15, 2024, Cary Baker, the CFO of Impinj Inc., acquired 782 shares of common stock through the vesting of restricted stock units (RSUs).
- On June 17, 2024, Baker disposed of 152 shares at a weighted average price of $149.5828 and 156 shares at a weighted average price of $150.2895.
- These disposals were non-discretionary transactions to cover tax withholding obligations related to the RSU settlement.
- Following these transactions, Baker beneficially owns 68,422 shares of Impinj common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it's simply a factual report of trading activity.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency to investors regarding the buying and selling activities of key executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership, but the overall impact is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 06/15/2020 | Reporting person was granted 12,500 RSUs, one sixteenth of which vested on June 15, 2024. |
| 06/15/2024 | Cary Baker acquired 782 shares of common stock through RSU vesting. |
| 06/17/2024 | Cary Baker sold 152 shares at a weighted average price of $149.5828 and 156 shares at a weighted average price of $150.2895. |
| 06/18/2024 | Date of signature for the Form 4 filing. |
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