Eric Cohen - 15 Oct 2021 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role
Chief Strategy& Growth Officer
Signature
/s/ Ariel E. Greenstein, Attorney-in-Fact for Eric Cohen
Issuer symbol
IDCC
Transactions as of
15 Oct 2021
Net transactions value
-$193,288
Form type
4
Filing time
19 Oct 2021, 16:28:27 UTC
Previous filing
08 Oct 2021
Next filing
29 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Award $0 +7,598 +30% $0.000000 33,112 15 Oct 2021 Direct F1
transaction IDCC Common Stock Tax liability $193,275 -2,824 -8.5% $68.44 30,288 15 Oct 2021 Direct F2
transaction IDCC Common Stock Disposed to Issuer $13.89 -0 -0% $68.44 30,288 15 Oct 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported represents the partial vesting of an award of performance-based restricted stock units granted to the reporting person on March 31, 2020 pursuant to the company's 2017 Stock Incentive Plan in accordance with the 2020 Long-Term Compensation Program. Based on the achievement of two Milestone goals, 40% of the reporting person's target performance-based restricted stock unit award, or 7,598 restricted stock units, vested on October 15, 2021.
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.