Form 4: Impinj Executive Dossett Reports Stock Transactions
SEC Filing
Chief Revenue Officer Jeffrey Dossett reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- Jeffrey Dossett, Chief Revenue Officer of Impinj Inc., reported transactions involving Impinj common stock.
- On June 23, 2024, Dossett vested 937 and 528 restricted stock units (RSUs) from grants made on March 23, 2022 and March 23, 2023 respectively.
- Following the vesting, Dossett sold 354 shares on June 24, 2024, at a weighted average price of $147.1395, with prices ranging from $146.89 to $147.41.
- An additional 230 shares were sold on the same day at a weighted average price of $148.2693, with prices ranging from $147.98 to $148.83.
- These sales were non-discretionary transactions to cover tax withholding obligations related to the RSU settlement.
- After these transactions, Dossett directly owns 62,867 shares of Impinj common stock and holds 5,817 and 6,563 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are routine and related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Reporting person was granted 15,000 RSUs |
| 03/23/2023 | Reporting person was granted 8,460 RSUs |
| 06/23/2024 | RSUs vested |
| 06/24/2024 | Shares sold to cover tax obligations |
| 06/25/2024 | Date of Form 4 filing |
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