Richard L. Gulino - Oct 15, 2021 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role
CLO, GC & Corp Sec
Signature
/s/ Amy A. Miraglia, Attorney-in-Fact for Richard L. Gulino
Stock symbol
IDCC
Transactions as of
Oct 15, 2021
Transactions value $
-$131,590
Form type
4
Date filed
10/19/2021, 04:31 PM
Previous filing
Jul 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Award $0 +6.22K +38.31% $0.00 22.4K Oct 15, 2021 Direct F1
transaction IDCC Common Stock Tax liability -$132K -1.92K -8.56% $68.44 20.5K Oct 15, 2021 Direct F2
transaction IDCC Common Stock Disposed to Issuer -$49 -0.712 0% $68.44 20.5K Oct 15, 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 6,216 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.