Form 4: InterDigital Director Lesaicherre Receives Annual Restricted Stock Award

Pierre-Yves Lesaicherre, a director of InterDigital, Inc., received an annual award of restricted stock units on June 5, 2024, and disposed of shares.

Summary

• On June 5, 2024, Pierre-Yves Lesaicherre, a director of InterDigital, Inc., acquired 1,711 shares of common stock as part of an annual restricted stock unit award.
• The award was granted under the company's 2017 Equity Incentive Plan, following the compensation program for non-management directors.
• Following the transaction, Lesaicherre beneficially owns 8,012.6067 shares of InterDigital common stock.
• Lesaicherre also disposed of an unspecified amount of shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The grant of stock aligns director interests with shareholders, which is a positive, but it's a standard practice.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The equity incentive plan is part of the company's compensation program for non-management directors.

Industry Context

Equity compensation is a common practice in the technology industry to incentivize and retain board members and align their interests with shareholders.

Comparison to Industry Standards

• Companies like Qualcomm (QCOM) and Nokia (NOK) also utilize equity-based compensation for their directors.
• The specific amount and terms of the restricted stock units would need to be compared to industry benchmarks to assess their competitiveness.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with theirs.
• The transaction has a minor impact on the director as part of their compensation.

Key Dates