Lawrence Liren Chen - Mar 15, 2024 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role
President and CEO, Director
Signature
/s/ Ariel E. Greenstein, Attorney-in-Fact for Lawrence Liren Chen
Stock symbol
IDCC
Transactions as of
Mar 15, 2024
Transactions value $
-$1,490,728
Form type
4
Date filed
3/19/2024, 04:26 PM
Previous filing
Jan 26, 2024
Next filing
Mar 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Award $0 +21.7K +16.93% $0.00 150K Mar 15, 2024 Direct F1
transaction IDCC Common Stock Tax liability -$899K -8.76K -5.85% $102.59 141K Mar 15, 2024 Direct F2
transaction IDCC Common Stock Disposed to Issuer -$77 -0.748 0% $102.59 141K Mar 15, 2024 Direct F3
transaction IDCC Common Stock Tax liability -$592K -5.77K -4.09% $102.59 135K Mar 15, 2024 Direct F4
transaction IDCC Common Stock Disposed to Issuer -$121 -1.18 0% $102.59 135K Mar 15, 2024 Direct F5

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 +68.4K +30.76% $0.00 291K Mar 15, 2024 Common Stock 68.4K $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 vesting of awards 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 level of the 2021 cycle performance goal, 120% of the reporting person's target performance-based restricted stock unit awards, or 20,478 restricted stock units, vested on March 15, 2024, together with 1,222.7481 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 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 The transaction reported represents the vesting 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 level of the 2021 cycle goal, 120% of the reporting person's target performance-based stock options vested on March 15, 2024.