Richard J. Brezski - 15 Mar 2024 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Signature
/s/ Amy A. Miraglia, Attorney-in-Fact for Richard J. Brezski
Issuer symbol
IDCC
Transactions as of
15 Mar 2024
Net transactions value
-$847,833
Form type
4
Filing time
19 Mar 2024, 16:24:40 UTC
Previous filing
22 Feb 2024
Next filing
26 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Award $0 +8,862 +9% $0.000000 107,398 15 Mar 2024 Direct F1
transaction IDCC Common Stock Tax liability $406,359 -3,961 -3.7% $102.59 103,437 15 Mar 2024 Direct F2
transaction IDCC Common Stock Disposed to Issuer $13.03 -0 -0% $102.59 103,437 15 Mar 2024 Direct F3
transaction IDCC Common Stock Tax liability $441,342 -4,302 -4.2% $102.59 99,135 15 Mar 2024 Direct F4
transaction IDCC Common Stock Disposed to Issuer $119 -1 -0% $102.59 99,134 15 Mar 2024 Direct F5
transaction IDCC Common Stock Award $0 +10,235 +10% $0.000000 109,369 15 Mar 2024 Direct F6
holding IDCC Common Stock 1,969 15 Mar 2024 By 401k Plan 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, 2021 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 2021 cycle performance goal, 120% of the reporting person's target performance-based restricted stock unit awards, or 8,322 restricted stock units, vested on March 15, 2024, together with 540.127 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, 2021, March 15, 2022 and March 31, 2023 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on March 15, 2024, 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 Restricted stock units granted pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program.
F7 As of the most recently published account statement, the reporting person beneficially owned this number of whole shares of common stock pursuant to the InterDigital Savings and Protection Plan.