Impinj Unveils New Executive Severance and Change in Control Policy

Reuters05:11

Impinj Unveils New Executive Severance and Change in Control Policy

Impinj Inc. has amended its executive employment agreement with CEO Chris Diorio, Ph.D., updating terms related to severance eligibility in the event of certain qualifying terminations. The amendment clarifies compensation arrangements around change of control scenarios, specifying that payments will be structured to provide the greatest after-tax benefit to Dr. Diorio without requiring tax gross-up payments from the company. Additionally, Impinj’s Compensation Committee has adopted a new Executive Change in Control and Severance Policy, providing standardized eligibility for severance and change in control payments to designated key executives, including CFO Cary Baker and Chief Innovation Officer Cathal Phelan. These new terms take effect for qualifying terminations occurring within a defined period surrounding a change of control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Impinj Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-328739), on December 22, 2025, and is solely responsible for the information contained therein.

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The amendment clarifies compensation arrangements around change of control scenarios, specifying that payments will be structured to provide the greatest after-tax benefit to Dr. Diorio without requiring tax gross-up payments from the company. Additionally, Impinj’s Compensation Committee has adopted a new Executive Change in Control and Severance Policy, providing standardized eligibility for severance and change in control payments to designated key executives, including CFO Cary Baker and Chief Innovation Officer Cathal Phelan. These new terms take effect for qualifying terminations occurring within a defined period surrounding a change of control.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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