Form 4: Impinj Executive Jeffrey Dossett Sells Shares to Cover Tax Obligations After PSU Vesting
SEC Form 4 Filing
Impinj's Chief Revenue Officer, Jeffrey Dossett, sold shares of common stock to cover tax obligations following the vesting of performance-restricted stock units (PSUs).
Summary
- Jeffrey Dossett, Chief Revenue Officer of Impinj Inc., reported changes in beneficial ownership of the company's stock.
- On February 20, 2025, 7,500 performance-restricted stock units (PSUs) vested, resulting in the issuance of 7,500 shares of common stock.
- Following the vesting, Dossett sold a total of 2,666 shares of common stock on February 21, 2025, in multiple transactions to cover tax withholding obligations.
- The sales occurred at weighted-average prices of $97.7476, $98.3651, and $99.723 per share.
- After these transactions, Dossett directly owns 71,886 shares of Impinj common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, particularly after vesting events. It is typical for executives to sell shares to cover tax obligations.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the amount is relatively small.
Key Dates
| Date | Description |
|---|---|
| 2022-03-23 | Reporting Person was granted performance restricted stock units (PSUs). |
| 2025-02-19 | The Issuer's Board of Directors determined the level at which the corporate performance goals were attained, resulting in the vesting of 7,500 shares of Common Stock underlying the PSUs. |
| 2025-02-20 | 7,500 performance-restricted stock units (PSUs) vested. |
| 2025-02-21 | Dossett sold 2,666 shares of common stock in multiple transactions. |
| 2025-02-24 | Date of signature for the Form 4 filing. |
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