Eric Cohen - 15 Mar 2023 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Signature
/s/ Ariel E. Greenstein, Attorney-in-Fact for Eric Cohen
Issuer symbol
IDCC
Transactions as of
15 Mar 2023
Net transactions value
-$1,828,944
Form type
4
Filing time
17 Mar 2023, 16:04:01 UTC
Previous filing
27 Jan 2023
Next filing
04 Apr 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Award $0 +22,822 +52% $0.000000 67,120 15 Mar 2023 Direct F1
transaction IDCC Common Stock Tax liability $830,860 -11,315 -17% $73.43 55,805 15 Mar 2023 Direct F2
transaction IDCC Common Stock Disposed to Issuer $15.3 -0 -0% $73.43 55,805 15 Mar 2023 Direct F3
transaction IDCC Common Stock Tax liability $444,472 -6,053 -11% $73.43 49,752 15 Mar 2023 Direct F4
transaction IDCC Common Stock Disposed to Issuer $77.57 -1 -0% $73.43 49,750 15 Mar 2023 Direct F5
transaction IDCC Common Stock Sale $247,459 -3,417 -6.9% $72.42 46,333 15 Mar 2023 Direct F6
transaction IDCC Common Stock Sale $306,060 -4,180 -9% $73.22 42,153 15 Mar 2023 Direct F7
* 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 21,444 restricted stock units, vested on March 15, 2023, together with 1,378.2084 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 The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $71.798 to $72.76 per share. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F7 The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $72.80 to $73.77 per share. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.