Form 4: InterDigital Director Samir Armaly Reports Share Disposal Due to Restricted Stock Unit Vesting
SEC Form 4 Filing
Director Samir Armaly reported the disposal of 0.8988 shares of InterDigital, Inc. due to the cash settlement of fractional shares upon the vesting of restricted stock units.
Summary
- On June 7, 2024, InterDigital, Inc. Director Samir Armaly disposed of 0.8988 shares of common stock.
- The disposal was a result of the cash settlement of fractional shares related to the vesting of restricted stock units (RSUs).
- 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 price per share for the transaction was $117.3.
- Following the transaction, Armaly directly owns 5,668 shares of InterDigital, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company director, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 06/07/2023 | Date restricted stock units were granted to Samir Armaly. |
| 06/07/2024 | Date of transaction (disposal of shares) and vesting of restricted stock units. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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