Form 4: Impinj COO Hussein Mecklai Reports Stock Transactions
SEC Form 4
Hussein Mecklai, COO of Impinj Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.
Summary
- On April 12, 2024, Hussein Mecklai, the Chief Operating Officer of Impinj Inc., acquired 1,094 shares of common stock through the vesting of restricted stock units (RSUs).
- On April 15, 2024, Mecklai disposed of 163 shares at a weighted average price of $118.2798 and 272 shares at a weighted average price of $119.0326.
- These disposals were non-discretionary transactions to cover tax withholding obligations related to the RSU settlement.
- Following these transactions, Mecklai directly owns 55,414 shares of Impinj common stock and 4,375 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The transactions are related to tax obligations from RSU vesting, which is a part of the executive compensation package.
Key Dates
| Date | Description |
|---|---|
| 04/12/2021 | Reporting person was granted 17,500 RSUs, one fourth of which vested on April 12, 2022, with an additional one-sixteenth of such RSUs vesting every three months thereafter. |
| 04/12/2022 | One fourth of the 17,500 RSUs granted on April 12, 2021 vested. |
| 04/12/2024 | Hussein Mecklai acquired 1,094 shares of common stock through RSU vesting. |
| 04/15/2024 | Hussein Mecklai disposed of 163 and 272 shares of common stock. |
| 04/16/2024 | Date of Form 4 filing. |
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