Joshua D. Schmidt - 15 Dec 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
Issuer symbol
IDCC
Transactions as of
15 Dec 2023
Net transactions value
-$15,783
Form type
4
Filing time
19 Dec 2023, 16:15:58 UTC
Previous filing
24 Nov 2023
Next filing
17 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 +37 +0.2% $0.000000 18,483 15 Dec 2023 Direct F1
transaction IDCC Common Stock Award $0 +264 +1.4% $0.000000 18,748 15 Dec 2023 Direct F2
transaction IDCC Common Stock Disposed to Issuer $44.3 -0 -0% $109.30 18,747 15 Dec 2023 Direct F3
transaction IDCC Common Stock Tax liability $15,739 -144 -0.77% $109.30 18,603 15 Dec 2023 Direct F4
* 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 35 restricted stock units, vested on December 15, 2023, together with 2.1307 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 November 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 253 restricted stock units, vested on December 15, 2023, together with 11.2746 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.