Form 4: InterDigital CEO Lawrence Chen Reports Stock Transactions
SEC Form 4 Filing
Lawrence Chen, President and CEO of InterDigital, reports the withholding of restricted stock units for tax liability and cash settlement of fractional shares.
Summary
- On April 15, 2024, Lawrence Chen, the President and CEO of InterDigital, Inc., engaged in transactions involving the company's common stock.
- These transactions included the withholding of 2,706 shares to cover tax liabilities related to the vesting of restricted stock units.
- Additionally, a cash settlement of fractional shares amounting to 0.6921 shares occurred in connection with the vesting of these restricted stock units.
- Following these transactions, Chen directly owns 152,793.417 shares of InterDigital common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency regarding the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and do not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 04/15/2021 | Restricted stock units were granted to the reporting person pursuant to the company's 2017 Equity Incentive Plan. |
| 04/15/2024 | Vesting date of restricted stock units and related stock transactions. |
| 04/17/2024 | Date of signature for the Form 4 filing. |
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