Form 4: Impinj CFO Cary Baker Reports Stock Transactions
SEC Form 4
Cary Baker, CFO of Impinj Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.
Summary
- On March 23, 2024, Cary Baker, the CFO of Impinj Inc., acquired 782 and 1,916 shares of common stock through the vesting of restricted stock units (RSUs).
- Also on March 23, 2024, Baker acquired 782 and 1,916 RSUs.
- On March 25, 2024, Baker disposed of 432 shares at a weighted average price of $126.8641 and 630 shares at a weighted average price of $128.1257.
- These disposals were non-discretionary transactions to cover tax withholding obligations related to the RSU settlements.
- Following these transactions, Baker directly owns 67,384 shares of Impinj common stock and 9,545 RSUs.
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, as it's simply a report of facts.
Industry Context
This 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 may have a minor impact on shareholders due to the small number of shares involved.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Reporting person was granted 12,500 RSUs, one sixteenth of which vested on March 23, 2024. |
| 03/23/2023 | Reporting person was granted 7,665 RSUs, one fourth of which vested on March 23, 2024, with an additional one-sixteenth of such RSUs vesting every three months thereafter. |
| 03/23/2024 | Earliest transaction date; vesting of RSUs and acquisition of common stock. |
| 03/25/2024 | Sale of common stock to cover tax obligations. |
| 03/23/2025 | One-fourth of the shares subject to the grant shall vest on March 23, 2025, and 1/16th of the shares subject to the grant shall vest each quarter thereafter. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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