Arthur Valdez Jr.
Director at PI
Board
About Arthur L. Valdez Jr.
Arthur L. Valdez Jr. was appointed to the Impinj (PI) board of directors effective October 20, 2025, with an initial term expiring at the next annual meeting of stockholders . He brings 30+ years of global supply chain and logistics leadership, most recently as EVP Global Supply Chain and Customer Solutions at Starbucks, and previously held senior roles scaling networks across Asia, Europe, and the Americas at Amazon and Target . He holds a bachelor’s degree in Business–Operations Management from Colorado State University . As of his Form 3 filing on October 22, 2025, he reported no beneficial ownership of Impinj securities .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Starbucks | EVP, Global Supply Chain and Customer Solutions | Most recent senior role (dates not disclosed) | Led transformation and optimization of strategic supply chain and customer solutions |
| Amazon | Senior leadership (supply chain/fulfillment networks) | Prior to Target (dates not disclosed) | Built supply chain and fulfillment networks across multiple geographies |
| Target | Senior leadership (supply chain/fulfillment networks) | After Amazon (dates not disclosed) | Expanded and optimized supply chain and fulfillment networks |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Advance Auto Parts (NYSE: AAP) | Director | Dates not disclosed | Not disclosed |
| Shipt (Target subsidiary, private) | Director | Dates not disclosed | Not disclosed |
Board Governance
- Appointment and initial term: Appointed October 20, 2025; term runs until the next annual meeting of stockholders .
- Independence and related parties: The appointing 8-K states no arrangements/understandings behind selection and no related-party transactions requiring disclosure under Item 404(a); he will participate in the outside director compensation policy and enter the standard indemnification agreement .
- Committee assignments: Not disclosed as of appointment. Existing committee compositions (2024) were Audit & Risk: Rao (Chair), Gibson, Sanghi ; Compensation: Padval (Chair), Gibson, Washington ; Nominating & Governance: Sanghi (Chair), Padval, Rao .
- Attendance culture: In 2024 the board held seven meetings; no incumbent director attended fewer than 75% of board and committee meetings .
Fixed Compensation
| Component | Amount ($) | Notes |
|---|---|---|
| Annual Board Retainer (Outside Director) | 50,000 | Paid quarterly in arrears; effective March 31, 2024 |
| Chair of Board | 25,000 | If applicable; paid quarterly |
| Audit & Risk Committee – Chair | 25,000 | Paid quarterly |
| Audit & Risk Committee – Member | 12,500 | Paid quarterly |
| Compensation Committee – Chair | 17,500 | Paid quarterly |
| Compensation Committee – Member | 10,000 | Paid quarterly |
| Nominating & Governance – Chair | 15,000 | Paid quarterly |
| Nominating & Governance – Member | 10,000 | Paid quarterly |
- Compensia engagement: The board engages Compensia as external advisor for outside director compensation reviews; cash compensation updated effective March 31, 2024 .
Performance Compensation
| Equity Component | Value Basis ($) | Vesting | Notes |
|---|---|---|---|
| Initial RSU Award | 250,000 | Earlier of 1-year from grant or next annual meeting, subject to continued service | Value pro-rated by months since last annual meeting; per-share value based on 10 trading days before through 9 days after prior earnings announcement |
| Annual RSU Award | 250,000 | Same as above | Granted on each annual meeting date |
| Annual Chair RSU Award (if Chair) | 25,000 | Same as above | In addition to annual award if serving as Chair |
| Change-in-Control Treatment | n/a | All outside director awards vest in full | Upon Change in Control as defined in the 2016 Plan |
- Anti-hedging/pledging: Directors are prohibited from short selling, hedging, and pledging Impinj securities; directors/officers may use Rule 10b5-1 plans subject to cooling-off periods .
- Director equity transfer limits: Directors may not sell/pledge shares received in outside director awards while serving (other than to satisfy taxes on vesting/settlement) .
Other Directorships & Interlocks
| Company | Potential Interlock/Relationship | Governance Notes |
|---|---|---|
| Advance Auto Parts | Customer-facing retail; potential end-market for RAIN RFID adoption | Role enhances supply-chain and operations insight; no related-party transactions disclosed with Impinj |
| Shipt | Logistics/ecommerce enablement (Target-owned, private) | Reinforces last-mile and fulfillment expertise |
- Conflicts and related-party exposure: The 8-K explicitly states there are no related-party transactions with Mr. Valdez or immediate family requiring Item 404(a) disclosure .
Expertise & Qualifications
- Core domains: Global supply chain, logistics operations, fulfillment networks across multiple continents .
- Industry experience: Senior roles at Starbucks (consumer), Amazon/Target (ecommerce/retail) .
- Education: BA in Business–Operations Management, Colorado State University .
Equity Ownership
| Metric | Value |
|---|---|
| Beneficial Ownership (as of Form 3, 10/22/2025) | 0 shares; “No securities are beneficially owned.” |
| Ownership % of Outstanding | 0% (based on Form 3 disclosure) |
| Vested vs. Unvested | Not applicable at filing; initial RSU expected per policy |
| Pledging/Hedging | Prohibited by Impinj insider trading policy |
| Stock Ownership Guidelines (Non-Employee Directors) | Lesser of 5x annual cash board retainer or 2,000 shares; retain 100% of net shares until later of Feb 16, 2028 or 5th anniversary of initial appointment |
Insider Filings
| Form | Filing Date | Event Date | Summary |
|---|---|---|---|
| Form 3 (Initial Statement of Beneficial Ownership) | Oct 22, 2025 | Oct 20, 2025 | Director; reports no securities beneficially owned; attorney-in-fact authorization filed concurrently |
Governance Assessment
- Board effectiveness: Valdez’s deep supply-chain and logistics expertise is directly aligned with Impinj’s strategic push into global supply chain and logistics use cases, as emphasized by the Chair and CEO in the appointment announcement—an additive skill set for oversight of go-to-market and operations .
- Independence and conflicts: No related-party transactions disclosed; no selection arrangements/understandings; standard indemnification and standard outside director compensation policy participation—positive signals for independence and governance hygiene .
- Alignment and incentives: Initial lack of share ownership will be addressed through policy-driven RSU grants and stringent stock ownership guidelines, coupled with anti-hedging/pledging restrictions—supportive of long-term alignment, though near-term “watch item” until initial RSUs vest and guidelines are met .
- Committee roles: Not yet disclosed; placement on Audit/Risk, Compensation, or Nominating could leverage his operational risk and talent/compensation insights. Monitor subsequent filings for committee assignment, attendance, and engagement metrics .
- RED FLAGS: None identified in filings to date. Watch items include initial zero ownership (expected for new appointee) and pending committee assignment disclosure .