Form 4: InterDigital Director Jean F. Rankin Reports Acquisition of Common Stock via Dividend Equivalents
SEC Form 4 Filing
Director Jean F. Rankin reports acquiring InterDigital, Inc. common stock through dividend equivalents on unvested restricted stock units.
Summary
- On April 24, 2024, Jean F. Rankin, a director of InterDigital, Inc., acquired 8.7892 shares of common stock.
- The acquisition was a result of dividend equivalents credited on unvested restricted stock units previously granted to Rankin.
- Dividend equivalents accrue when cash dividends are paid on InterDigital, Inc.'s common stock.
- Following the transaction, Rankin beneficially owns 29,676.6067 shares of InterDigital, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency into the holdings of company directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves a small number of shares acquired through dividend equivalents.
Key Dates
| Date | Description |
|---|---|
| 04/24/2024 | Date of transaction: Acquisition of common stock via dividend equivalents. |
| 04/26/2024 | Date of signature on the Form 4 filing. |
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