Form 4: InterDigital Director Aberle Settles Fractional Share Upon RSU Vesting
SEC Form 4 Filing
Director Derek K. Aberle settled a fractional share related to vested restricted stock units (RSUs) of InterDigital, Inc.
Summary
- On June 7, 2024, InterDigital, Inc. Director Derek K. Aberle settled a fractional share related to the vesting of restricted stock units.
- The transaction involved the disposition of 0.6067 shares of common stock at a price of $117.3, resulting in proceeds of approximately $71.17.
- Following the transaction, Aberle directly owns 9,638 shares of InterDigital, Inc.
- The restricted stock units were granted on June 7, 2023, under the company's 2017 Equity Incentive Plan and vested in full on June 7, 2024.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, indicating a neutral sentiment. The vesting of RSUs is generally a positive event for the recipient, but the fractional share settlement is a standard procedure.
Industry Context
This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 06/07/2023 | Restricted stock units were granted to the reporting person pursuant to the company's 2017 Equity Incentive Plan. |
| 06/07/2024 | Fractional share settled in connection with the vesting of restricted stock units; RSUs vested in full. |
| 06/10/2024 | Date of Form 4 signature. |
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