Henry Tirri - 15 Mar 2022 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role
Chief Technology Officer
Signature
/s/ Ariel E. Greenstein, Attorney-in-Fact for Henry Tirri
Issuer symbol
IDCC
Transactions as of
15 Mar 2022
Net transactions value
-$625,681
Form type
4
Filing time
17 Mar 2022, 19:53:45 UTC
Previous filing
28 Jan 2022
Next filing
29 Apr 2022
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 +12,151 +39% $0.000000 43,021 15 Mar 2022 Direct F1
transaction IDCC Common Stock Award $0 +773 +1.8% $0.000000 43,794 15 Mar 2022 Direct F2
transaction IDCC Common Stock Tax liability $419,720 -6,749 -15% $62.19 37,045 15 Mar 2022 Direct F3
transaction IDCC Common Stock Disposed to Issuer $116 -2 -0.01% $62.19 37,043 15 Mar 2022 Direct F4
transaction IDCC Common Stock Tax liability $205,787 -3,309 -8.9% $62.19 33,734 15 Mar 2022 Direct F5
transaction IDCC Common Stock Disposed to Issuer $58.17 -1 -0% $62.19 33,733 15 Mar 2022 Direct F6
transaction IDCC Common Stock Award $0 +11,578 +34% $0.000000 45,311 15 Mar 2022 Direct 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 partial vesting of an award of performance-based restricted stock units granted to the reporting person on March 15, 2019 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 2019 cycle performance goal, 93% of the reporting person's target performance-based restricted stock unit award, or 11,349 restricted stock units, vested on March 15, 2022, together with 801.9514 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 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, 25% of the reporting person's target Milestone restricted stock unit award, or 757 restricted stock units, vested on March 15, 2022, together with 15.9086 additional shares representing accrued dividend equivalent units.
F3 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.
F4 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.
F5 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, 2019 and March 31, 2021 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on March 15, 2022, together with accrued dividend equivalents.
F6 The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 5.
F7 Restricted stock units granted pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program.