Form 4: InterDigital Director Samir Armaly Reports Routine Fractional Share Settlement Following RSU Vesting
Insider Transaction Report
InterDigital, Inc. Director Samir Armaly reported the cash settlement of a fractional share of common stock, a routine transaction related to the vesting of restricted stock units.
Summary
- Samir Armaly, a Director at InterDigital, Inc. (IDCC), reported a transaction involving the disposition of common stock.
- The transaction occurred on June 5, 2025, and involved the sale of 0.6782 shares of Common Stock at a price of $223.51 per share.
- This disposition was a cash settlement of a fractional share resulting from the vesting of restricted stock units (RSUs).
- The RSUs were granted to Mr. Armaly on June 5, 2024, under the company's 2017 Equity Incentive Plan, as part of the compensation program for non-employee directors.
- The RSUs, along with accrued dividend equivalent units, vested in full on June 5, 2025.
- Following this transaction, Samir Armaly beneficially owns 3,907 shares of InterDigital Common Stock directly.
Sentiment
Score: 5
Explanation: The transaction is a routine, non-discretionary cash settlement of a fractional share from RSU vesting, indicating a neutral sentiment as it does not reflect a strategic buy or sell decision by the insider.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically the cash settlement of a fractional share resulting from RSU vesting. It does not provide broader insights into industry trends or competitive landscape, as it pertains to an individual's compensation-related stock activity.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Program Operation | The transaction is a result of the vesting of restricted stock units granted under the company's 2017 Equity Incentive Plan, in accordance with the compensation program for non-employee directors. This indicates the ongoing operation of established corporate governance policies related to executive and director compensation. | 06/05/2025 | No change to corporate governance policies; rather, it demonstrates the execution of existing compensation plans. |
Related Party Transactions
- The transaction involves a director of InterDigital, Inc. (Samir Armaly) and the company's common stock, making it a related party transaction as defined by SEC regulations for insider reporting.
Stakeholder Impact
- Shareholders: Minimal direct impact, as this is a routine, non-material transaction involving a fractional share and does not signal a significant change in insider holdings or company strategy.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date restricted stock units were granted to Samir Armaly. |
| 06/05/2025 | Date of transaction (cash settlement of fractional share) and full vesting of restricted stock units. |
| 06/09/2025 | Date the Form 4 was signed by Ariel E. Greenstein, Attorney-in-Fact for Samir Armaly. |
Keywords
InterDigital, IDCC, Samir Armaly, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Fractional Share, Director Compensation, Equity Incentive Plan
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