Form 4: InterDigital Director Samir Armaly Reports Stock Award

Director Samir Armaly reports receiving an annual award of restricted stock units in InterDigital, Inc.

Summary

• Samir Armaly, a director of InterDigital, Inc., reported a transaction on June 5, 2024.
• The transaction involved the acquisition of 1,711 shares of common stock through an annual award of restricted stock units.
• These units were granted under the company's 2017 Equity Incentive Plan, as part of the compensation program for non-management directors.
• Following the transaction, Armaly beneficially owns 5,668.8988 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard compensation practices and alignment of director interests with shareholders.

Positives

• The award of restricted stock units to a director aligns their interests with those of the shareholders.
• The equity incentive plan is part of the compensation program for non-management directors.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

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

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Granting restricted stock units is a standard practice to incentivize directors and align their interests with long-term shareholder value.
• The specific amount and terms of the award would be benchmarked against peer companies in the telecommunications and technology sectors.

Stakeholder Impact

• The award of restricted stock units aligns the director's interests with those of the shareholders.
• This type of compensation is intended to incentivize directors to make decisions that increase shareholder value.

Key Dates