Form 4: InterDigital CEO Lawrence Chen Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Lawrence Chen, President and CEO of InterDigital, reports the withholding of restricted stock units (RSUs) for tax obligations and cash settlement of fractional shares following the vesting of RSUs on April 5, 2024.
Summary
- On April 5, 2024, Lawrence Chen, the President and CEO of InterDigital, Inc., reported transactions involving the company's common stock.
- These transactions involved the withholding of 8,625 common stock units to cover tax liabilities related to the vesting of restricted stock units (RSUs).
- The price per share for the tax withholding was $95.87.
- Additionally, a cash settlement of fractional shares amounting to 0.8163 shares was executed at the same price of $95.87 per share.
- Following these transactions, Chen directly owns 155,500.1091 shares of InterDigital common stock.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation, indicating standard operational procedures. There is no indication of unusual or concerning activity.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving equity and tax obligations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to internal compensation matters.
Key Dates
| Date | Description |
|---|---|
| 04/15/2021 | Date the restricted stock units were granted to the reporting person pursuant to the company's 2017 Equity Incentive Plan. |
| 04/05/2024 | Date of the reported transactions: withholding of shares for tax liability and cash settlement of fractional shares. |
| 04/09/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.