Lawrence Liren Chen - Dec 15, 2023 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Signature
/s/ Ariel E. Greenstein, Attorney-in-Fact for Lawrence Liren Chen
Stock symbol
IDCC
Transactions as of
Dec 15, 2023
Transactions value $
-$1,057,130
Form type
4
Date filed
12/19/2023, 04:14 PM
Previous filing
Oct 27, 2023
Next filing
Jan 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Award $0 +1.8K +1.55% $0.00 118K Dec 15, 2023 Direct F1
transaction IDCC Common Stock Award $0 +19.7K +16.66% $0.00 138K Dec 15, 2023 Direct F2
transaction IDCC Common Stock Disposed to Issuer -$90 -0.821 0% $109.30 138K Dec 15, 2023 Direct F3
transaction IDCC Common Stock Tax liability -$1.06M -9.67K -7.03% $109.30 128K Dec 15, 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IDCC Employee Stock Option (Right-to-Buy) Award $0 +5.53K +3.54% $0.00 162K Dec 15, 2023 Common Stock 5.53K $73.15 Direct F5
transaction IDCC Employee Stock Option (Right-to-Buy) Award $0 +60.3K +37.27% $0.00 222K Dec 15, 2023 Common Stock 60.3K $73.15 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 April 15, 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, 10% of the reporting person's target Milestone restricted stock unit award, or 1,707 restricted stock units, vested on December 15, 2023, together with 95.0701 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 April 15, 2021 pursuant to the company's 2017 Equity Incentive Plan in accordance with his new hire performance equity award. Based on the achievement of one Milestone goal, 60% of the reporting person's target Milestone restricted stock unit award, or 18,615 restricted stock units, vested on December 15, 2023, together with 1,036.7507 additional shares representing accrued dividend equivalent units.
F3 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.
F4 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.
F5 The transaction reported represents the partial vesting of an award of performance-based stock options granted to the reporting person on April 15, 2021 pursuant to the company's 2017 Stock Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement of one Milestone goal, 10% of the reporting person's target Milestone options vested on December 15, 2023.
F6 The transaction reported represents the partial vesting of an award of performance-based stock options granted to the reporting person on April 15, 2021 pursuant to the company's 2017 Stock Incentive Plan in accordance with his new hire performance equity award. Based on the achievement of one Milestone goal, 60% of the reporting person's target Milestone options vested on December 15, 2023.