Form 4: InterDigital Director Samir Armaly Reports Acquisition and Disposal of Common Stock

Director Samir Armaly reports changes in beneficial ownership of InterDigital, Inc. common stock due to dividend equivalents credited on unvested restricted stock units.

Summary

• On July 24, 2024, Samir Armaly, a director of InterDigital, Inc., reported acquiring 5.6427 shares of common stock at $0 per share.
• On the same day, Armaly disposed of an unspecified amount of common stock.
• Following these transactions, Armaly beneficially owns 3,892.6427 shares of InterDigital, Inc. common stock.
• The acquisition of shares is attributed to dividend equivalents credited on unvested restricted stock units previously granted to Armaly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions related to dividend equivalents, which are a normal part of executive compensation.

Positives

• The acquisition of shares through dividend equivalents suggests a return of value to the director based on existing holdings.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It reflects compensation and dividend policies of InterDigital.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring transparency in equity transactions.
• Dividend equivalent programs are common in executive compensation packages to ensure that unvested equity awards receive similar benefits to common shareholders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to internal compensation mechanisms.

Key Dates