Baker Cary 4
4 · IMPINJ INC · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Impinj (PI) CFO Cary Baker Receives Award; Shares Withheld for Taxes
What Happened Cary Baker, Chief Financial Officer of Impinj (PI), received 8,508 shares when performance-restricted stock units (PSUs) vested. Of those shares, 2,234 were remitted to the company to satisfy tax withholding obligations at an effective price of $127.92 per share, totaling about $285,773. The award shares show an acquisition at $0.00 (award vesting) and the remitted shares are recorded as a disposition for tax withholding.
Key Details
- Transaction dates: Vesting determination by the board on 2026-02-18; transactions reported with a Period of Report date 2026-02-20 and filed on 2026-02-23 (timely filing).
- Transaction codes: A = Award/Grant (8,508 shares @ $0.00 acquired); F = Tax withholding (2,234 shares disposed @ $127.92, $285,773).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: PSUs were granted on March 23, 2023 and vested based on corporate performance determined Feb 18, 2026 (F1). The 2,234-share disposition was an exempt transfer to the issuer under Rule 16b-3(e) to satisfy tax withholding (F2).
- Filing timeliness: Filed Feb 23, 2026 for a Feb 20, 2026 report date — within the standard Form 4 reporting window.
Context This was a performance-based vesting event (award) with a routine share-remit for tax withholding. The award itself is an acquisition (no purchase price), while the remitted shares are a common, administrative disposition to cover taxes and do not necessarily indicate buy/sell sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-20+8,508→ 90,111 total - Tax Payment
Common Stock
[F2]2026-02-20$127.92/sh−2,234$285,773→ 87,877 total
Footnotes (2)
- [F1]On March 23, 2023, the Reporting Person was granted performance restricted stock units (PSUs). The PSUs vested upon the Reporting Person's satisfaction of certain performance criteria. On February 18, 2026, the Issuer's Board of Directors determined the level at which the corporate performance goals were attained, resulting in the vesting of 8,508 shares of Common Stock underlying the PSUs.
- [F2]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 the PSUs.