Eeva K. Hakoranta - 15 Dec 2023 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role
Chief Licensing Officer
Signature
/s/ Ariel E. Greenstein, Attorney-in-Fact for Eeva K. Hakoranta
Issuer symbol
IDCC
Transactions as of
15 Dec 2023
Net transactions value
-$33,508
Form type
4
Filing time
19 Dec 2023, 16:15:28 UTC
Previous filing
14 Nov 2023
Next filing
26 Jan 2024
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 +603 +2.4% $0.000000 25,572 15 Dec 2023 Direct F1
transaction IDCC Common Stock Tax liability $33,446 -306 -1.2% $109.30 25,266 15 Dec 2023 Direct F2
transaction IDCC Common Stock Disposed to Issuer $62.6 -1 -0% $109.30 25,266 15 Dec 2023 Direct F3
* 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, 10% of the reporting person's target Milestone restricted stock unit award, or 568 restricted stock units, vested on December 15, 2023, together with 34.5727 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.