Form 4: InterDigital Director Lesaicherre Settles Fractional Share Upon RSU Vesting

Director Pierre-Yves Lesaicherre settled a fractional share related to vested restricted stock units (RSUs) of InterDigital, Inc.

Summary

• On June 7, 2024, Pierre-Yves Lesaicherre, a director of InterDigital, Inc., settled a fractional share in connection with the vesting of restricted stock units.
• The RSUs were granted on June 7, 2023, under the company's 2017 Equity Incentive Plan and vested in full on June 7, 2024.
• The transaction involved the disposition of 0.6067 shares of common stock at a price of $117.3, resulting in a cash settlement.
• Following the transaction, Lesaicherre beneficially owns 8,012 shares of InterDigital common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a routine equity compensation transaction. The vesting of RSUs is generally a positive sign, indicating that the director has met certain performance or service requirements.

Positives

• The vesting of RSUs and subsequent settlement of fractional shares indicates that the director has met the conditions for equity compensation.

Industry Context

This filing is a routine disclosure related to equity compensation for a director, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Equity compensation for non-employee directors is a standard practice across the technology industry.
• Companies like Qualcomm (QCOM) and Ericsson (ERIC) also utilize equity incentive plans to compensate their directors.
• The vesting schedules and terms of these plans are typically benchmarked against industry peers to ensure competitiveness.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
• It primarily affects the director's personal holdings and is part of their compensation package.

Key Dates