Impinj CFO reports RSU vesting and tax withholding
Impinj Inc. chief financial officer Cary Baker reported routine equity compensation activity involving restricted stock units, or RSUs.
Rhea-AI Filing Summary
Impinj Inc. chief financial officer Cary Baker reported routine equity compensation activity involving restricted stock units, or RSUs. On June 23, 2026, 1,076 RSUs vested and converted into the same number of common shares. In connection with this vesting, 424 common shares were remitted to Impinj at $125.22 per share to satisfy tax withholding obligations in an exempt transaction under Rule 16b-3(e). Following these transactions, Baker directly owned 89,655 shares of Impinj common stock. The vested RSUs stem from grants of 7,665 RSUs on March 23, 2023 and 9,545 RSUs on March 23, 2024, with one-sixteenth of each grant vesting on the reported date.
Positive
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Negative
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Insider Trade Summary
1,076 shares exercised/converted
Exercise
5 txns
Insider
Baker Cary
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 479 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 597 | $0.00 | $0.00 |
| Exercise | Common Stock | 479 | $0.00 | $0.00 |
| Exercise | Common Stock | 597 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 424 | $125.22 | $53K |
Holdings After Transaction:
Restricted Stock Units — 5,614 contracts (Direct);
Common Stock — 89,655 shares (Direct)
Footnotes (4)
- F1. In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of restricted stock units, or RSUs.
- F2. Each RSU represents a contingent right to receive one share of Impinj common stock.
- F3. On March 23, 2023, the reporting person was granted 7,665 RSUs. One-sixteenth of these vested on June 23, 2026.
- F4. On March 23, 2024, the reporting person was granted 9,545 RSUs. One-sixteenth of these vested on June 23, 2026.
Key Figures
Shares remitted for taxes: 424 shares at $125.22
RSUs vested: 1,076 RSUs
Common shares held after: 89,482 shares
+3 more
6 metrics
Shares remitted for taxes
424 shares at $125.22
Common stock remitted to issuer for tax withholding on Jun. 23, 2026
RSUs vested
1,076 RSUs
Converted into common stock on Jun. 23, 2026
Common shares held after
89,482 shares
Direct Impinj common stock ownership following transactions
2023 RSU grant size
7,665 RSUs
Grant to Cary Baker on Mar. 23, 2023
2024 RSU grant size
9,545 RSUs
Grant to Cary Baker on Mar. 23, 2024
Vest fraction
One-sixteenth
Portion of each RSU grant that vested on Jun. 23, 2026
Key Terms
Restricted Stock Units, Rule 16b-3(e), tax withholding obligations, contingent right, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3(e) regulatory
"In an exempt disposition to the Issuer under Rule 16b-3(e)"
tax withholding obligations financial
"in connection with the satisfaction of tax withholding obligations arising out of the vesting of restricted stock units"
contingent right financial
"Each RSU represents a contingent right to receive one share of Impinj common stock."
vesting financial
"One-sixteenth of these vested on June 23, 2026."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Impinj (PI) CFO Cary Baker report?
Cary Baker reported RSU vesting and related tax withholding. On June 23, 2026, 1,076 restricted stock units converted into common shares, and 424 shares were remitted back to Impinj to cover tax withholding obligations under an exempt Rule 16b-3(e) transaction.
Were Impinj (PI) CFO Cary Baker’s Form 4 transactions open-market buys or sells?
The reported transactions were not open-market trades. They reflect RSU vesting that converted into common shares and a related tax-withholding disposition, where 424 shares were remitted to Impinj under Rule 16b-3(e) to satisfy tax obligations from the vesting.
What RSU grants underpin Cary Baker’s June 23, 2026 Impinj (PI) Form 4 filing?
The activity comes from two RSU grants: 7,665 units granted March 23, 2023, and 9,545 units granted March 23, 2024. On June 23, 2026, one-sixteenth of each grant vested, leading to conversion into common stock and related tax-withholding.
What does each Impinj (PI) RSU represent in Cary Baker’s filing?
Each restricted stock unit represents a contingent right to receive one share of Impinj common stock. When RSUs vest, they convert into common shares, which may trigger tax obligations, sometimes settled by remitting a portion of the vested shares back to the issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
