Richard J. Brezski - 15 Mar 2023 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 2023
Net transactions value: -$1,294,168
Form type: 4
Filing time: 17 Mar 2023, 16:01:15 UTC
Previous filing: 02 Mar 2023
Next filing: 04 Apr 2023
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	+24,896	+27%	$0.000000	116,392	15 Mar 2023	Direct	F1
transaction	IDCC	Common Stock	Tax liability	$855,166	-11,646	-10%	$73.43	104,746	15 Mar 2023	Direct	F2
transaction	IDCC	Common Stock	Disposed to Issuer	$34.57	-0	-0%	$73.43	104,746	15 Mar 2023	Direct	F3
transaction	IDCC	Common Stock	Tax liability	$438,891	-5,977	-5.7%	$73.43	98,769	15 Mar 2023	Direct	F4
transaction	IDCC	Common Stock	Disposed to Issuer	$76.94	-1	-0%	$73.43	98,768	15 Mar 2023	Direct	F5
holding	IDCC	Common Stock						1,955	15 Mar 2023	By 401(k) Plan	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 vesting of awards of performance-based restricted stock units granted to the reporting person on March 31, 2020 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 2020 cycle performance goal, 116% of the reporting person's target performance-based restricted stock unit awards, or 23,393 restricted stock units, vested on March 15, 2023, together with 1,503.4708 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, 2020, March 31, 2021 and March 15, 2022 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on March 15, 2023, 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	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.