Form 4: InterDigital Executive Eeva Hakoranta Reports Stock Transactions

Eeva Hakoranta, Chief Licensing Officer of InterDigital, Inc., reports the vesting of restricted stock units, tax withholdings, and a sale of shares under a pre-arranged trading plan.

Summary

• On March 15, 2024, Eeva Hakoranta, Chief Licensing Officer of InterDigital, Inc., had performance-based restricted stock units vest, resulting in the acquisition of 7,249.8632 shares.
• Tax liabilities related to the vesting were satisfied by withholding 3,189 restricted stock units at a price of $102.59.
• Fractional shares were settled in cash, resulting in the disposal of 0.8632 shares at $102.59.
• An additional 2,952 shares were withheld to cover tax liabilities related to previously granted restricted stock units.
• Fractional shares from these previously granted units were also settled in cash, disposing of 0.2125 shares at $102.59.
• Hakoranta acquired 10,235 restricted stock units on March 15, 2024.
• On March 19, 2024, Hakoranta sold 3,910 shares at a price of $103.17 under a Rule 10b5-1 trading plan.
• Following these transactions, Hakoranta beneficially owns 32,777.5139 shares of InterDigital, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine occurrence.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and trading activities.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like InterDigital.
• Companies such as Qualcomm, Ericsson, and Nokia, which operate in similar technology and licensing sectors, also have executives who regularly report stock transactions via Form 4 filings.
• The use of Rule 10b5-1 trading plans is a standard practice among executives to avoid accusations of insider trading, ensuring that trades are pre-planned and executed according to a predetermined schedule.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the executive's holdings, but the overall effect is likely minimal given the relatively small number of shares involved.

Key Dates