Form 4: InterDigital Executive Joshua D. Schmidt Reports Stock Transactions

InterDigital's CLO & Corp Secretary, Joshua D. Schmidt, reports the vesting of restricted stock units, tax withholding, cash settlement of fractional shares, and a sale of common stock.

Summary

• Joshua D. Schmidt, CLO & Corp Secretary at InterDigital, Inc., reported several transactions involving the company's common stock.
• On November 15, 2024, 635 shares were withheld to cover tax liabilities related to vested restricted stock units.
• Also on November 15, 2024, 0.9916 fractional shares were settled in cash.
• On November 19, 2024, 140 shares were sold at a price of $182.19 per share.
• These transactions were made under a Rule 10b5-1 trading plan adopted on May 22, 2024.
• The restricted stock units were granted on November 15, 2021, and vested on November 15, 2024.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. It reflects normal executive compensation and trading activity.

Industry Context

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

Comparison to Industry Standards

• The transactions reported are typical for executives receiving equity compensation in publicly traded companies.
• The use of a Rule 10b5-1 trading plan is a common practice to avoid accusations of insider trading.
• Similar filings are made by executives at companies like Qualcomm (QCOM) and Nokia (NOK), which are also in the technology and telecommunications sector.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are part of a pre-arranged trading plan and do not indicate a change in the executive's confidence in the company.

Key Dates

Keywords

InterDigital, stock transactions, Form 4, insider trading, restricted stock units, Rule 10b5-1, equity compensation