Richard J. Brezski - 15 Mar 2022 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role: Chief Financial Officer
Signature: /s/ Amy A. Miraglia, Attorney-in-Fact for Richard J. Brezski
Issuer symbol: IDCC
Transactions as of: 15 Mar 2022
Net transactions value: -$471,387
Form type: 4
Filing time: 17 Mar 2022, 19:45:41 UTC
Previous filing: 15 Mar 2022
Next filing: 29 Apr 2022
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	+11,046	+15%	$0.000000	85,018	15 Mar 2022	Direct	F1
transaction	IDCC	Common Stock	Award	$0	+709	+0.83%	$0.000000	85,727	15 Mar 2022	Direct	F2
transaction	IDCC	Common Stock	Tax liability	$327,057	-5,259	-6.1%	$62.19	80,468	15 Mar 2022	Direct	F3
transaction	IDCC	Common Stock	Disposed to Issuer	$38.04	-1	-0%	$62.19	80,467	15 Mar 2022	Direct	F4
transaction	IDCC	Common Stock	Tax liability	$144,219	-2,319	-2.9%	$62.19	78,148	15 Mar 2022	Direct	F5
transaction	IDCC	Common Stock	Disposed to Issuer	$72.81	-1	-0%	$62.19	78,147	15 Mar 2022	Direct	F6
transaction	IDCC	Common Stock	Award	$0	+10,613	+14%	$0.000000	88,760	15 Mar 2022	Direct	F7
holding	IDCC	Common Stock						1,912	15 Mar 2022	By 401(k) Plan	F8

* 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 15, 2019 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 award, or 10,317 restricted stock units, vested on March 15, 2022, together with 729.0272 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 March 31, 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 award, or 694 restricted stock units, vested on March 15, 2022, together with 14.5845 additional shares representing accrued dividend equivalent units.
F3	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.
F4	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.
F5	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 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.
F6	The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 5.
F7	Restricted stock units granted pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program.
F8	As of the most recently published account statement, the reporting person beneficially owned this number of whole shares of common stock pursuant to the InterDigital Savings and Protection Plan.