Joshua D. Schmidt - 15 Dec 2024 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role
CLO & Corp Secretary
Signature
/s/ Ariel E. Greenstein, Attorney-in-Fact for Joshua D. Schmidt
Issuer symbol
IDCC
Transactions as of
15 Dec 2024
Net transactions value
-$25,335
Form type
4
Filing time
17 Dec 2024, 16:10:00 UTC
Previous filing
19 Nov 2024
Next filing
24 Jan 2025
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 +258 +1.1% $0.000000 24,397 15 Dec 2024 Direct F1
transaction IDCC Common Stock Tax liability $25,266 -129 -0.53% $195.86 24,268 15 Dec 2024 Direct F2
transaction IDCC Common Stock Disposed to Issuer $68.61 -0 -0% $195.86 24,267 15 Dec 2024 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, 2020 pursuant to the company's 2017 Stock Incentive Plan in accordance with the 2020 Long-Term Compensation Program. Based on the achievement of one Milestone goal, 20% of the reporting person's target performance-based restricted stock unit award, or 236 restricted stock units, vested on December 15, 2024, together with 22.3503 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.