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InterDigital, Inc. — Director's Dealing 2023
Dec 19, 2023
30668_dirs_2023-12-19_7fb48413-4930-4641-af2c-116c310d9db2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: InterDigital, Inc. (IDCC)
CIK: 0001405495
Period of Report: 2023-12-15
Reporting Person: Chen Lawrence Liren (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-15 | Common Stock | A | 1802.0701 | $0.00 | Acquired | 117951.4308 | Direct |
| 2023-12-15 | Common Stock | A | 19651.7507 | $0.00 | Acquired | 137603.1815 | Direct |
| 2023-12-15 | Common Stock | D | 0.8208 | $109.30 | Disposed | 137602.3607 | Direct |
| 2023-12-15 | Common Stock | F | 9671 | $109.30 | Disposed | 127931.3607 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-12-15 | Employee Stock Option (Right-to-Buy) | $73.15 | A | 5530 | Acquired | 2031-04-15 | Common Stock (5530) | Direct |
| 2023-12-15 | Employee Stock Option (Right-to-Buy) | $73.15 | A | 60326 | Acquired | 2031-04-15 | Common Stock (60326) | Direct |
Footnotes
F1: The transaction reported represents the partial vesting of an award of performance-based restricted stock units granted to the reporting person on April 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, 10% of the reporting person's target Milestone restricted stock unit award, or 1,707 restricted stock units, vested on December 15, 2023, together with 95.0701 additional shares representing accrued dividend equivalent units.
F2: The transaction reported represents the partial vesting of an award of performance-based restricted stock units granted to the reporting person on April 15, 2021 pursuant to the company's 2017 Equity Incentive Plan in accordance with his new hire performance equity award. Based on the achievement of one Milestone goal, 60% of the reporting person's target Milestone restricted stock unit award, or 18,615 restricted stock units, vested on December 15, 2023, together with 1,036.7507 additional shares representing accrued dividend equivalent units.
F3: The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Notes 1 and 2.
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 Notes 1 and 2.
F5: The transaction reported represents the partial vesting of an award of performance-based stock options granted to the reporting person on April 15, 2021 pursuant to the company's 2017 Stock Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement of one Milestone goal, 10% of the reporting person's target Milestone options vested on December 15, 2023.
F6: The transaction reported represents the partial vesting of an award of performance-based stock options granted to the reporting person on April 15, 2021 pursuant to the company's 2017 Stock Incentive Plan in accordance with his new hire performance equity award. Based on the achievement of one Milestone goal, 60% of the reporting person's target Milestone options vested on December 15, 2023.