Form 4: InterDigital Director John A. Kritzmacher Reports Share Disposal
SEC Form 4 Filing
Director John A. Kritzmacher reports the disposal of fractional shares of InterDigital, Inc. common stock due to the cash settlement of restricted stock units.
Summary
- On June 7, 2024, John A. Kritzmacher, a director of InterDigital, Inc., disposed of 0.6067 shares of common stock.
- The disposal was a result of the cash settlement of a fractional share related to the vesting of restricted stock units.
- These restricted stock units were granted on June 7, 2023, under the company's 2017 Equity Incentive Plan.
- The units vested in full on June 7, 2024, along with accrued dividend equivalent units.
- Following the transaction, Kritzmacher beneficially owns 23,542 shares of InterDigital, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a standard executive compensation transaction, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive 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 John A. Kritzmacher. |
| 06/07/2024 | Date of transaction (disposal of fractional share) and vesting of restricted stock units. |
| 06/10/2024 | Date of Form 4 filing. |
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