Impinj (PI) CEO exercises RSUs as 1,197 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Impinj CEO Chris Diorio reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 23, 2026, he converted 3,040 RSUs into common stock, and 1,197 shares were remitted to Impinj at $125.22 per share to satisfy tax obligations under Rule 16b-3(e), rather than sold on the open market.
Following these transactions, Diorio directly held 382,145 shares of Impinj common stock and indirectly held 199,362 shares through DFT L.L.C. The RSUs stem from grants of 19,580 units in March 2023 and 29,075 units in March 2024, with one-sixteenth of each grant vesting on June 23, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,040 shares exercised/converted
Mixed
6 txns
Insider
DIORIO CHRIS PH.D.
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,223 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,817 | $0.00 | -- |
| Exercise | Common Stock | 1,223 | $0.00 | -- |
| Exercise | Common Stock | 1,817 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,197 | $125.22 | $150K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,672 shares (Direct, null);
Common Stock — 381,525 shares (Direct, null);
Common Stock — 199,362 shares (Indirect, by DFT L.L.C.)
Footnotes (1)
- 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. Each RSU represents a contingent right to receive one share of Impinj common stock. On March 23, 2023, the reporting person was granted 19,580 RSUs. One-sixteenth of these vested on June 23, 2026. On March 23, 2024, the reporting person was granted 29,075 RSUs. One-sixteenth of these vested on June 23, 2026.
Key Figures
RSUs converted to common stock: 3,040 shares
Shares remitted for taxes: 1,197 shares at $125.22
Direct common shares after transaction: 382,145 shares
+3 more
6 metrics
RSUs converted to common stock
3,040 shares
RSU-to-common stock settlement on June 23, 2026
Shares remitted for taxes
1,197 shares at $125.22
Tax withholding disposition under Rule 16b-3(e)
Direct common shares after transaction
382,145 shares
CEO direct ownership following June 23, 2026 activity
Indirect common shares after transaction
199,362 shares
Indirectly held through DFT L.L.C.
2023 RSU grant size
19,580 RSUs
Grant made on March 23, 2023; one-sixteenth vested June 23, 2026
2024 RSU grant size
29,075 RSUs
Grant made on March 23, 2024; one-sixteenth vested June 23, 2026
Key Terms
Restricted Stock Units, Rule 16b-3(e), tax withholding obligations, contingent right
4 terms
Restricted Stock Units financial
"The vesting of restricted stock units, or RSUs."
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."
FAQ
What did Impinj (PI) CEO Chris Diorio report in this Form 4?
Chris Diorio reported RSU-related equity activity, converting 3,040 restricted stock units into common shares and remitting 1,197 shares to Impinj at $125.22 per share to cover tax withholding obligations tied to RSU vesting.
What RSU grants underlie the Impinj (PI) CEO’s recent vesting?
The vesting relates to 19,580 RSUs granted on March 23, 2023 and 29,075 RSUs granted on March 23, 2024. For each grant, one-sixteenth of the units vested on June 23, 2026, with each RSU representing one share of common stock.
How many RSUs vested for the Impinj (PI) CEO on June 23, 2026?
On June 23, 2026, one-sixteenth of the CEO’s RSU grants vested, corresponding to 1,223 RSUs from the 2023 grant and 1,817 RSUs from the 2024 grant, which together were settled in an equivalent number of Impinj common shares.