Eeva K. Hakoranta - Mar 15, 2022 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role
Chief Licensing Officer
Signature
/s/ Ariel E. Greenstein, Attorney-in-Fact for Eeva K. Hakoranta
Stock symbol
IDCC
Transactions as of
Mar 15, 2022
Transactions value $
-$112,661
Form type
4
Date filed
3/17/2022, 07:50 PM
Previous filing
Jan 28, 2022
Next filing
Apr 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Award $0 +580 +4.57% $0.00 13.3K Mar 15, 2022 Direct F1
transaction IDCC Common Stock Tax liability -$18.7K -301 -2.27% $62.19 13K Mar 15, 2022 Direct F2
transaction IDCC Common Stock Disposed to Issuer -$58 -0.937 -0.01% $62.19 13K Mar 15, 2022 Direct F3
transaction IDCC Common Stock Tax liability -$93.8K -1.51K -11.63% $62.19 11.5K Mar 15, 2022 Direct F4
transaction IDCC Common Stock Disposed to Issuer -$39 -0.62 -0.01% $62.19 11.5K Mar 15, 2022 Direct F5
transaction IDCC Common Stock Award $0 +10.6K +92.56% $0.00 22.1K Mar 15, 2022 Direct F6
* 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, 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 568 restricted stock units, vested on March 15, 2022, together with 11.9365 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 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.
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 Restricted stock units granted pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program.