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InterDigital, Inc. — Director's Dealing 2024
Mar 19, 2024
30668_dirs_2024-03-19_b12e0269-1ac4-4926-8042-5620a363844e.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: 2024-03-15
Reporting Person: Chen Lawrence Liren (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-15 | Common Stock | A | 21700.7481 | — | Acquired | 149852.8519 | Direct |
| 2024-03-15 | Common Stock | F | 8763 | $102.59 | Disposed | 141089.8519 | Direct |
| 2024-03-15 | Common Stock | D | 0.7481 | $102.59 | Disposed | 141089.1038 | Direct |
| 2024-03-15 | Common Stock | F | 5766 | $102.59 | Disposed | 135323.1038 | Direct |
| 2024-03-15 | Common Stock | D | 1.1784 | $102.59 | Disposed | 135321.9254 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-15 | Employee Stock Option (Right-to-Buy) | $73.15 | A | 68358 | Acquired | 2031-04-15 | Common Stock (68358) | Direct |
Footnotes
F1: The transaction reported represents the vesting of awards 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 level of the 2021 cycle performance goal, 120% of the reporting person's target performance-based restricted stock unit awards, or 20,478 restricted stock units, vested on March 15, 2024, together with 1,222.7481 additional shares representing accrued dividend equivalent units.
F2: The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability in connection with the transaction described in Note 1.
F3: The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 1.
F4: 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, 2022 and March 31, 2023 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on March 15, 2024, together with accrued dividend equivalents.
F5: The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 4.
F6: The transaction reported represents the vesting 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 level of the 2021 cycle goal, 120% of the reporting person's target performance-based stock options vested on March 15, 2024.