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.

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