Form 4: InterDigital Executive Eeva K. Hakoranta Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Eeva K. Hakoranta, Chief Licensing Officer of InterDigital, Inc., reports changes in beneficial ownership of company stock due to vesting of restricted stock units and tax withholdings on March 15, 2025.
Summary
- On March 15, 2025, Eeva K. Hakoranta, Chief Licensing Officer of InterDigital, Inc., had changes in her beneficial ownership of the company's common stock.
- These changes are due to the vesting of performance-based restricted stock units granted on March 15, 2022, under the company's 2017 Equity Incentive Plan.
- A total of 14,150 restricted stock units vested, along with 799.7182 additional shares representing accrued dividend equivalent units, resulting in the acquisition of 14,949.7182 shares.
- 7,697 shares were withheld to cover tax liabilities related to the vesting of the performance-based restricted stock units at a price of $208.23.
- 1.7182 shares were disposed of due to cash settlement of fractional shares at a price of $208.23.
- 5,469 shares were withheld to cover tax liabilities related to the vesting of restricted stock units granted on March 15, 2022, March 31, 2023 and March 15, 2024 at a price of $208.23.
- 1.5265 shares were disposed of due to cash settlement of fractional shares at a price of $208.23.
- Following these transactions, Hakoranta directly owns 32,317.6142 shares of InterDigital common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency regarding the executive's stake in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2022 | Date of grant of performance-based restricted stock units. |
| 03/31/2023 | Date of grant of restricted stock units. |
| 03/15/2024 | Date of grant of restricted stock units. |
| 03/15/2025 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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