Joshua D. Schmidt - Mar 15, 2023 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role
CLO & Corp Sec
Signature
/s/ Ariel E. Greenstein, Attorney-in-Fact for Joshua D. Schmidt
Stock symbol
IDCC
Transactions as of
Mar 15, 2023
Transactions value $
-$106,937
Form type
4
Date filed
3/17/2023, 04:05 PM
Previous filing
Jan 27, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Award $0 +1.46K +11.19% $0.00 14.5K Mar 15, 2023 Direct F1
transaction IDCC Common Stock Tax liability -$37.1K -505 -3.48% $73.43 14K Mar 15, 2023 Direct F2
transaction IDCC Common Stock Disposed to Issuer -$23 -0.307 0% $73.43 14K Mar 15, 2023 Direct F3
transaction IDCC Common Stock Tax liability -$69.7K -949 -6.77% $73.43 13.1K Mar 15, 2023 Direct F4
transaction IDCC Common Stock Disposed to Issuer -$147 -2.01 -0.02% $73.43 13.1K Mar 15, 2023 Direct F5
* 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 1,374 restricted stock units, vested on March 15, 2023, together with 88.3069 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.