InterDigital, Inc. — Director's Dealing 2022

Mar 18, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: InterDigital, Inc. (IDCC)
CIK: 0001405495
Period of Report: 2022-03-15

Reporting Person: Schmidt Joshua D. (CLO & Corp Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-15	Common Stock	A	725.815	$0.00	Acquired	7359.1049	Direct
2022-03-15	Common Stock	A	290.0824	$0.00	Acquired	7649.1873	Direct
2022-03-15	Common Stock	A	115.3123	$0.00	Acquired	7764.4996	Direct
2022-03-15	Common Stock	F	389	$62.19	Disposed	7375.4996	Direct
2022-03-15	Common Stock	D	2.2097	$62.19	Disposed	7373.2899	Direct
2022-03-15	Common Stock	F	394	$62.19	Disposed	6979.2899	Direct
2022-03-15	Common Stock	D	2.3287	$62.19	Disposed	6976.9612	Direct
2022-03-15	Common Stock	A	6272	$0.00	Acquired	13248.9612	Direct

Footnotes

F1: The transaction reported represents the partial vesting of awards of performance-based restricted stock units granted to the reporting person on March 15, 2019 and January 15, 2020 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement level of the 2019 cycle performance goal, 93% of the reporting person's target performance-based restricted stock unit awards, or 684 restricted stock units, vested on March 15, 2022, together with 41.815 additional shares representing accrued dividend equivalent units.

F2: The transaction reported represents the partial vesting of awards of performance-based restricted stock units granted to the reporting person on March 31, 2021 and November 15, 2021 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement of one Milestone goal, 25% of the reporting person's target Milestone restricted stock unit awards, or 288 restricted stock units, vested on March 15, 2022, together with 2.0824 additional shares representing accrued dividend equivalent units.

F3: The transaction reported represents the vesting of an award of performance-based restricted stock units granted to the reporting person on March 16, 2020 pursuant to the company's 2017 Equity Incentive Plan. 100% of the reporting person's target restricted stock unit award, or 111 restricted stock units, vested on March 15, 2022, together with 4.3123 additional shares representing accrued dividend equivalent units.

F4: The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability in connection with the transactions described in Note 1, 2 and 3.

F5: The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Notes 1, 2 and 3.

F6: The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability. The restricted stock units were granted to the reporting person on March 15, 2019, January 15, 2020, March 31, 2020 and March 31, 2021 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on March 15, 2022, together with accrued dividend equivalents.

F7: The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 6.

F8: Restricted stock units granted pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program.