Impinj Management

Management criteria checks 2/4

Impinj's CEO is Chris Diorio, appointed in Jan 2000, has a tenure of 24.25 years. total yearly compensation is $7.18M, comprised of 5.8% salary and 94.2% bonuses, including company stock and options. directly owns 3.1% of the company’s shares, worth $129.59M. The average tenure of the management team and the board of directors is 4 years and 3.4 years respectively.

Key information

Chris Diorio

Chief executive officer

US$7.2m

Total compensation

CEO salary percentage	5.8%
CEO tenure	24.3yrs
CEO ownership	3.1%
Management average tenure	4yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chris Diorio's remuneration changed compared to Impinj's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$6m
Dec 31 2023	US$7m	US$415k	-US$43m
Sep 30 2023	n/a	n/a	-US$28m
Jun 30 2023	n/a	n/a	-US$15m
Mar 31 2023	n/a	n/a	-US$18m
Dec 31 2022	US$5m	US$395k	-US$24m
Sep 30 2022	n/a	n/a	-US$44m
Jun 30 2022	n/a	n/a	-US$55m
Mar 31 2022	n/a	n/a	-US$52m
Dec 31 2021	US$6m	US$381k	-US$51m
Sep 30 2021	n/a	n/a	-US$47m
Jun 30 2021	n/a	n/a	-US$48m
Mar 31 2021	n/a	n/a	-US$57m
Dec 31 2020	US$3m	US$380k	-US$52m
Sep 30 2020	n/a	n/a	-US$44m
Jun 30 2020	n/a	n/a	-US$34m
Mar 31 2020	n/a	n/a	-US$20m
Dec 31 2019	US$4m	US$373k	-US$23m
Sep 30 2019	n/a	n/a	-US$21m
Jun 30 2019	n/a	n/a	-US$24m
Mar 31 2019	n/a	n/a	-US$28m
Dec 31 2018	US$2m	US$365k	-US$35m
Sep 30 2018	n/a	n/a	-US$39m
Jun 30 2018	n/a	n/a	-US$36m
Mar 31 2018	n/a	n/a	-US$30m
Dec 31 2017	US$2m	US$355k	-US$17m

Compensation vs Market: Chris's total compensation ($USD7.18M) is above average for companies of similar size in the UK market ($USD2.58M).

Compensation vs Earnings: Chris's compensation has increased whilst the company is unprofitable.

CEO

Chris Diorio (61 yo)

24.3yrs

Tenure

US$7,183,731

Compensation

Dr. Chris Diorio, Ph.D. has been the Chief Executive Officer of Impinj, Inc. since November 2014. Dr. Diorio Co-founded Impinj Inc., in 2000 and served as its Chief Technology Officer since November 2006 u...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Chris Diorio	Co-Founder	24.3yrs	US$7.18m	3.1% $ 129.6m
Cary Baker	Chief Financial Officer	4.2yrs	US$3.06m	0.25% $ 10.3m
Hussein Mecklai	Chief Operating Officer	2.2yrs	US$3.38m	0.20% $ 8.4m
Jeffrey Dossett	Chief Revenue Officer	3.8yrs	US$3.33m	0.22% $ 9.2m
Cathal Phelan	Chief Innovation Officer & Director	1.3yrs	US$5.38m	0.093% $ 3.9m
Denise Masters	Vice President of Accounting & Corporate Controller	6.1yrs	no data	no data
Yukio Morikubo	General Counsel & Chief Compliance Officer	8.8yrs	no data	no data
Jill West	Vice President of Strategic Communications	no data	no data	no data
Christina Balam	Vice President Of Human Resources	2.3yrs	no data	no data

4.0yrs

Average Tenure

59yo

Average Age

Experienced Management: 0J9J's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Chris Diorio	Co-Founder	24yrs	US$7.18m	3.1% $ 129.6m
Cathal Phelan	Chief Innovation Officer & Director	4.6yrs	US$5.38m	0.093% $ 3.9m
Stephen Sanghi	Independent Chair of the Board	3.1yrs	US$299.71k	0.17% $ 7.0m
Umesh Padval	Independent Director	3.4yrs	US$256.52k	0.025% $ 1.1m
Daniel Gibson	Independent Director	5.8yrs	US$251.04k	0.059% $ 2.5m
Meera Rao	Independent Director	2.2yrs	US$259.27k	0.017% $ 704.4k
Miron Washington	Independent Director	1.1yrs	US$274.09k	0.0012% $ 51.4k

3.4yrs

Average Tenure

61yo

Average Age

Experienced Board: 0J9J's board of directors are considered experienced (3.4 years average tenure).

Impinj Management

Management criteria checks 2/4

Key information

Recent management updates

Impinj, Inc., Annual General Meeting, Jun 06, 2024

Co-Founder recently sold US$1.6m worth of stock

Impinj, Inc. Approves Election of Steve Sanghi as Director

Independent Chair of the Board recently bought US$2.0m worth of stock

Independent Director recently sold US$272k worth of stock

Impinj, Inc. Appoints Cathal Phelan as Chief Innovation Officer

Recent updates

Forecast breakeven date moved forward to 2025

Impinj, Inc., Annual General Meeting, Jun 06, 2024

First quarter 2024 earnings released: EPS: US$1.22 (vs US$0.17 loss in 1Q 2023)

Impinj, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Impinj, Inc. Announces Successful Settlement of Patent Litigation with NXP Semiconductors N.V

Co-Founder recently sold US$1.6m worth of stock

Full year 2023 earnings released: US$1.62 loss per share (vs US$0.95 loss in FY 2022)

New major risk - Revenue and earnings growth

Impinj, Inc. Provides Earnings Guidance for the First Quarter of 2024

Impinj, Inc. to Report Q4, 2023 Results on Feb 08, 2024

Forecast to breakeven in 2026

New Impinj RAIN RFID Reader Delivers Edge Intelligence That Optimizes Speed and Automation in Supply Chain & Logistics

Impinj, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023

Forecast to breakeven in 2025

Impinj, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Impinj, Inc. Provides Earnings Guidance for the Third Quarter Ended September 30, 2023

Second quarter 2023 earnings released: US$0.30 loss per share (vs US$0.45 loss in 2Q 2022)

Impinj, Inc. Next-Generation RAIN RFID Tag Chips Advance Item Connectivity for Enterprise IoT Deployments

Impinj, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Impinj, Inc.(NasdaqGS:PI) dropped from Russell Small Cap Comp Value Index

Impinj, Inc. Approves Election of Steve Sanghi as Director

Independent Chair of the Board recently bought US$2.0m worth of stock

Forecast breakeven date pushed back to 2024

First quarter 2023 earnings released: US$0.17 loss per share (vs US$0.42 loss in 1Q 2022)

Independent Director recently sold US$272k worth of stock

Forecast to breakeven in 2024

Full year 2022 earnings released: US$0.95 loss per share (vs US$2.12 loss in FY 2021)

Impinj, Inc. Provides Earnings Guidance for the First Quarter ending March 31, 2023

Impinj, Inc. Provides Revenue Guidance Fourth Quarter 2022

Impinj, Inc. Appoints Cathal Phelan as Chief Innovation Officer

Forecast to breakeven in 2024

Impinj Introduces Two New RAIN RFID Tag Chips to Advance IoT Connectivity for Automotive, Pharmaceuticals, and Food

Forecast to breakeven in 2024

Third quarter 2022 earnings released: US$0.085 loss per share (vs US$0.53 loss in 3Q 2021)

Impinj, Inc. Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2022

Impinj, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Independent Director recently sold US$62k worth of stock

Second quarter 2022 earnings released: US$0.45 loss per share (vs US$0.37 loss in 2Q 2021)

Impinj, Inc. Provides Earnings Guidance for the Three Months Ending September 30, 2022

Impinj, Inc. to Report Q2, 2022 Results on Jul 27, 2022

Impinj Introduces Advanced RAIN RFID Reader Chip for Next-Generation Enterprise IoT

First quarter 2022 earnings released: US$0.42 loss per share (vs US$0.40 loss in 1Q 2021)

Impinj, Inc. Provides Financial Guidance for the Second Quarter Ending June 30, 2022

Impinj, Inc. to Report Q1, 2022 Results on Apr 27, 2022

Chief Revenue Officer recently sold US$138k worth of stock

Chief Revenue Officer recently sold US$656k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Impinj, Inc. Provides Financial Guidance for the First Quarter Ending March 31, 2022

Impinj, Inc. Promotes Hussein Mecklai to Chief Operating Officer

Impinj, Inc. Revised Revenue Guidance for the Fourth Quarter of 2021

Chief Revenue Officer recently sold US$414k worth of stock

Independent Chairman of the Board recently sold US$790k worth of stock

Third quarter 2021 earnings released: US$0.53 loss per share (vs US$0.63 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.37 loss per share (vs US$0.77 loss in 2Q 2020)

Impinj, Inc. Unlocks New IoT Device Opportunities with Launch of Advanced RAIN RFID Chips

First quarter 2021 earnings released: US$0.40 loss per share (vs US$0.19 loss in 1Q 2020)

Impinj, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2021

Impinj Announces Proposed Settlement of Stockholder Derivative Action Lawsuit

Co-Founder recently sold US$791k worth of stock

Independent Chairman of the Board recently sold US$1.8m worth of stock

Full year 2020 earnings released: US$2.28 loss per share (vs US$1.05 loss in FY 2019)

Revenue beats expectations

Impinj, Inc. Raises Revenue Guidance for Fourth Quarter Ended December 31, 2020

Impinj Names Umesh Padval to its Board of Directors

Co-Founder recently sold US$600k worth of stock

Umesh Padval Joins Impinj, Inc.'s Board of Directors

Impinj, Inc. to Report Q3, 2020 Results on Oct 28, 2020

Impinj, Inc. to Report Q2, 2020 Results on Jul 29, 2020

CEO Compensation Analysis