Form 4: InterDigital Director Lesaicherre Reports Changes in Beneficial Ownership

Director Pierre-Yves Lesaicherre reports acquisition and disposal of InterDigital, Inc. common stock due to dividend equivalents on unvested restricted stock units.

Summary

• On April 24, 2024, Pierre-Yves Lesaicherre, a director of InterDigital, Inc., reported changes in beneficial ownership of the company's common stock.
• The transactions involved the acquisition of 8.7892 shares of common stock at an unspecified price and the disposal of 6,301.6067 shares.
• These transactions are attributed to dividend equivalents credited on unvested restricted stock units previously granted to Lesaicherre.
• Dividend equivalents accrue when cash dividends are paid on InterDigital, Inc.'s common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to dividend equivalents on restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to the mechanics of executive compensation.

Key Dates