Form 4: Impinj COO Hussein Mecklai Reports Stock Transactions
SEC Form 4 Filing
Hussein Mecklai, Chief Operating Officer of Impinj Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.
Summary
- On September 23, 2024, Hussein Mecklai, the Chief Operating Officer of Impinj Inc., acquired 1,563 and 529 shares of common stock through the vesting of restricted stock units (RSUs).
- On the same day, 1,563 and 529 Restricted Stock Units vested.
- On September 24, 2024, Mecklai disposed of 510 shares at a weighted average price of $208.7638 and 312 shares at a weighted average price of $209.8584.
- These disposals were non-discretionary transactions to cover tax withholding obligations related to the RSU settlements.
- Following these transactions, Mecklai directly owns 59,374 shares of Impinj common stock and 5,288 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, and it doesn't inherently convey positive or negative sentiment. It's a factual report of transactions.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Reporting person was granted 25,000 RSUs |
| 03/23/2023 | Reporting person was granted 8,460 RSUs |
| 09/23/2024 | Date of RSU vesting and stock acquisition. |
| 09/24/2024 | Date of stock disposal. |
| 09/25/2024 | Date of Form 4 filing. |
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