Form 4: InterDigital Director Jean F. Rankin Reports Routine Fractional Share Settlement
Insider Transaction Report
InterDigital, Inc. Director Jean F. Rankin reported the cash settlement of a fractional share of common stock, a routine transaction related to the vesting of restricted stock units.
Summary
- Jean F. Rankin, a Director at InterDigital, Inc. (IDCC), reported a transaction involving the company's common stock.
- The transaction, dated June 5, 2025, involved the disposition of 0.6782 shares of common stock at a price of $223.51 per share.
- This disposition was a cash settlement of a fractional share resulting from the vesting of restricted stock units (RSUs).
- The RSUs were granted to Ms. Rankin on June 5, 2024, under the company's 2017 Equity Incentive Plan, as part of the compensation program for non-employee directors.
- The RSUs, along with accrued dividend equivalent units, vested in full on June 5, 2025.
- Following this transaction, Jean F. Rankin beneficially owns 27,959 shares of InterDigital common stock directly.
Sentiment
Score: 5
Explanation: The document reports a routine, administrative transaction (cash settlement of a fractional share from RSU vesting) by an insider, which carries a neutral sentiment as it does not indicate any significant operational or financial changes for the company.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Program Detail | The transaction is explicitly stated to be in accordance with the company's compensation program for non-employee directors and pursuant to the 2017 Equity Incentive Plan. | 06/05/2025 | Reinforces the transparency and adherence to established corporate governance practices regarding executive and director compensation. |
Stakeholder Impact
- Shareholders: Minimal to no direct impact as this is a routine, small-scale transaction related to director compensation, not indicative of significant operational or financial shifts.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Restricted Stock Units (RSUs) granted to Jean F. Rankin. |
| 06/05/2025 | RSUs vested in full and fractional share cash settlement occurred. |
| 06/09/2025 | Date of Form 4 filing. |
Keywords
InterDigital, IDCC, Form 4, Insider Transaction, Director, Stock Ownership, Restricted Stock Units, Equity Incentive Plan, Share Settlement
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