Form 4: InterDigital CFO Brezski Reports Stock Transactions

InterDigital CFO Richard Brezski reported significant stock transactions, including RSU vesting, tax withholdings, and a charitable donation.

Summary

• Richard Brezski, Chief Financial Officer of InterDigital, Inc. (IDCC), reported multiple transactions involving the company's common stock.
• On March 15, 2026, Brezski acquired 21,430.5045 shares due to the vesting of performance-based restricted stock units (RSUs) and accrued dividend equivalent units.
• The RSU vesting was based on a 200% achievement level of the 2023 cycle performance goal, resulting in 20,578 RSUs plus 852.5045 dividend equivalent units.
• He disposed of 9,319 shares at a price of $362.35 per share to cover tax liabilities in connection with the RSU vesting.
• An additional 3,965 shares were disposed of at $362.35 per share for tax liabilities related to other RSU vestings (granted in 2023, 2024, and 2025).
• Fractional shares totaling 0.5045 and 0.5299 were cash-settled at $362.35 per share.
• On March 16, 2026, Brezski donated 1,000 shares to a donor-advised fund.
• Following these transactions, Brezski directly owns 77,549.0638 shares and indirectly owns 1,951 shares through the InterDigital Savings and Protection Plan (401k Plan).

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive, primarily due to the 200% achievement of performance targets for executive compensation, indicating strong operational performance. The dispositions are largely routine for tax purposes and a charitable donation.

Positives

• Achievement of 200% of the 2023 cycle performance goal for performance-based restricted stock units, indicating strong company performance relative to compensation targets.
• Vesting of 21,430.5045 shares from performance-based restricted stock units and dividend equivalent units, reflecting successful long-term compensation program execution.

Negatives

• Disposition of 13,284 shares (9,319 + 3,965) to cover tax liabilities, which is a common but notable reduction in direct ownership.
• Charitable donation of 1,000 shares, reducing direct beneficial ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to RSU vesting and tax withholdings, are common occurrences for executives in publicly traded technology companies like InterDigital. The 200% achievement of performance goals suggests strong internal performance metrics, which can be a positive signal for the company's operational execution within the competitive intellectual property and wireless technology sectors.

Comparison to Industry Standards

• The achievement of 200% of performance-based RSU targets suggests InterDigital's executive compensation structure is effectively tied to robust company performance, potentially outperforming typical industry benchmarks where target achievement often hovers around 100-150% for similar plans at companies like Qualcomm or Ericsson.
• The disposition of shares for tax liabilities and fractional share settlements is standard practice across the industry for RSU vesting, aligning with practices seen at major tech firms such as Apple or Microsoft.
• The charitable donation of shares is a personal decision by the executive and not directly comparable to industry-wide corporate governance or compensation standards, though it reflects a common practice among high-net-worth individuals.

Stakeholder Impact

• Shareholders: The 200% achievement of performance targets for executive compensation could be viewed positively as it suggests strong company performance, potentially aligning executive incentives with shareholder value creation.
• Employees: The vesting of RSUs under an equity incentive plan demonstrates the company's commitment to long-term compensation programs, which can be a positive for employee retention and motivation.

Key Dates

Recommendation

The filing details routine insider transactions related to executive compensation and a charitable donation. While the 200% achievement of performance targets is positive, it's a backward-looking metric for compensation and doesn't provide new forward-looking information to warrant a change in investment stance. The dispositions are primarily for tax purposes, not a signal of a change in confidence. Therefore, a 'hold' recommendation is appropriate as the filing does not present new material information to alter an existing investment thesis.

Keywords

InterDigital, IDCC, Richard Brezski, CFO, SEC Form 4, Insider Trading, Stock Vesting, Restricted Stock Units, Equity Incentive Plan, Beneficial Ownership, Executive Compensation