Chris Diorio, Ph.D.

CEO, Vice Chair at IMPINJ

Board

Since November 2014

Age

62 years

Education

Earned a B.A. in Physics from Occidental College and an M.S. and Ph.D. in Electrical Engineering from the California Institute of Technology.

Tenure

Joined PI in April 2000 and subsequently held positions including Chair, Vice President of Engineering, Chief Technology Officer, Chief Strategy and Technology Officer before becoming CEO in November 2014 and Vice Chair in September 2013.

Also at IMPINJ

Cathal Phelan

Chief Innovation Officer, Director

Cary Baker

CFO

Hussein Mecklai

COO

About

Chris Diorio, Ph.D. is a distinguished technology leader with a rich background in physics and electrical engineering, serving as a co-founder and longstanding board member at PI. He has played a pivotal role in shaping the company’s strategic direction, holding a succession of critical roles that include Chair, Vice President of Engineering, Chief Technology Officer, and Chief Strategy and Technology Officer before stepping into his current leadership position as CEO and Vice Chair.

Over the years, his deep technical expertise and innovative approach have been key drivers in advancing PI’s technology and market position. His academic credentials, highlighted by a B.A. in Physics and an M.S. and Ph.D. in Electrical Engineering, underscore his strong foundation which he has effectively leveraged throughout his career.

Beyond his contributions at PI, he has engaged in diverse roles within the broader industry, including academic involvement as an affiliate professor at the University of Washington and leadership in industry organizations. His multi-faceted career is a testament to his commitment to innovation and excellence, reinforcing his reputation as a visionary leader in the field.

$PI Performance Under Chris Diorio, Ph.D.

Past Roles

Organization	Role	Date Range	Details
Impinj, Inc.	Chief Strategy and Technology Officer	September 2013 to November 2014	Previous position at PI
Impinj, Inc.	Chief Technology Officer	November 2006 to September 2013	Previous position at PI
Impinj, Inc.	Chair	April 2000 to January 2013	Previous position at PI
Impinj, Inc.	Vice President of Engineering	2004 to 2006	Previous position at PI
Impinj, Inc.	Consultant	April 2000 to June 2004	Previous position at PI

External Roles

Organization	Role	Date Range	Details
University of Washington	Affiliate Professor of Computer Science and Engineering	N/A	N/A
GS1	Director of the GS1 Innovation Board	N/A	N/A
EPCglobal	Director of the EPCglobal Board of Governors	N/A	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$420,000	Annually (fixed)	Fixed cash payment; increased from $400,000 in 2022 to $420,000 effective April 2, 2023
All Other Compensation	$14,651	Annually (fixed)	Includes other fixed benefits such as retirement contributions and insurance premiums

Performance Compensation

Data from FY 2023

Annual Bonus

Performance Metric	Weight (%)	Threshold	Target	Maximum (Cap)	Actual Result
Revenue	40	$360M	$400M	Linear interpolation up to 200% bonus	$307.5M
Adjusted EBITDA	40	$60M	$78.1M	Linear interpolation up to 200% bonus	$21.8M
Company/Individual	20	N/A	N/A	Up to 200% of target bonus	Not achieved
Overall Bonus	N/A	N/A	$525,000	Up to 200% of target bonus	$0 due to unmet thresholds

Payment: 100% cash bonus for 2023.

Performance Stock Units (PSUs)

Component	Details
Grant Date	March 23, 2023
Performance Metric	Total Shareholder Return (TSR) relative to the S&P Semiconductor Select Industry Index
Performance Period	January 1, 2023 – December 31, 2025
Vesting Date	March 1, 2026 (subject to continued service)
Target PSUs	19,580
Maximum PSUs	39,160 (200% of target)
Grant Date Fair Value	$3,734,493
Vesting Conditions	Vesting based on TSR percentile performance:<br>- Below 25th percentile: 0% vesting<br>- 50th percentile: 100% vesting<br>- 75th percentile or above: 200% vesting if TSR is positive (otherwise capped at 100%)
Maximum Potential Value	$7,468,987 (if 200% vesting achieved)