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 share transactions to cover tax obligations.
Summary
- On March 23, 2025, Cary Baker, the CFO of Impinj Inc., had restricted stock units (RSUs) vest and subsequently transacted shares.
- These transactions included the vesting of 782 RSUs from a grant on March 23, 2022, 479 RSUs from a grant on March 23, 2023, and 2,386 RSUs from a grant on March 23, 2024.
- Following these transactions, Baker directly owns 78,662 shares of Impinj common stock.
- A portion of the shares were remitted to Impinj to cover tax withholding obligations arising from the vesting of the RSUs at a price of $90.25 per share.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Grant date of 12,500 RSUs, one-sixteenth of which vested on March 23, 2025. |
| 03/23/2023 | Grant date of 7,665 RSUs, one-sixteenth of which vested on March 23, 2025. |
| 03/23/2024 | Grant date of 9,545 RSUs, one-fourth of which vested on March 23, 2025. |
| 03/23/2025 | Vesting date of RSUs granted in 2022, 2023 and 2024. |
| 03/24/2025 | Date of exempt disposition of shares to the issuer for tax withholding obligations. |
| 03/25/2025 | Date of Form 4 filing. |
Keywords
Form 4, Insider Trading, Cary Baker, Impinj, RSU, Stock Options, Beneficial Ownership, Securities
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