Form 4: InterDigital Director Jean F. Rankin Reports Transaction
SEC Form 4 Filing
Director Jean F. Rankin reports the cash settlement of a fractional share related to vested restricted stock units of InterDigital, Inc.
Summary
- On June 7, 2024, Jean F. Rankin, a director of InterDigital, Inc., reported a transaction involving the cash settlement of a fractional share.
- This settlement was related to the vesting of restricted stock units granted on June 7, 2023, under the company's 2017 Equity Incentive Plan.
- The restricted stock units vested in full on June 7, 2024, along with accrued dividend equivalent units.
- The transaction resulted in the disposition of 0.6067 shares at a price of $117.3, leaving Rankin with 31,387 shares of common stock beneficially owned.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating standard corporate governance practices. There is nothing to suggest a positive or negative outlook.
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 | Date restricted stock units were granted to Jean F. Rankin. |
| 06/07/2024 | Date of transaction (cash settlement of fractional share) and vesting of restricted stock units. |
| 06/10/2024 | Date of signature on the SEC Form 4. |
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