Form 4: InterDigital CEO Lawrence Chen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Lawrence Chen, President and CEO of InterDigital, Inc., reports changes in beneficial ownership of common stock due to dividend equivalents credited on unvested restricted stock units.
Summary
- On April 24, 2024, Lawrence Chen, the President and CEO of InterDigital, Inc., reported changes in his beneficial ownership of the company's common stock.
- The changes are due to dividend equivalents credited on unvested restricted stock units previously granted to him.
- He acquired 195.7851 shares of common stock at a price of $0.
- Following the transaction, Chen directly owns 152,989.2021 shares of InterDigital common stock.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing indicating routine compensation adjustments. It doesn't suggest any significant positive or negative implications for the company's financial health or future prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The change in ownership is minimal and unlikely to have a significant impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/24/2024 | Date of transaction |
| 04/26/2024 | Date of signature |
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