Form 4: InterDigital Executive Rajesh Pankaj Reports Acquisition of Common Stock
SEC Form 4 Filing
Rajesh Pankaj, Chief Technology Officer of InterDigital, Inc., reports acquiring common stock through dividend equivalents on unvested restricted stock units.
Summary
- On January 22, 2025, Rajesh Pankaj, the Chief Technology Officer of InterDigital, Inc., acquired 98.9285 shares of common stock.
- The acquisition was a result of dividend equivalents credited on unvested restricted stock units previously granted to Pankaj.
- Dividend equivalents accrue when cash dividends are paid on InterDigital, Inc.'s common stock.
- Following the transaction, Pankaj directly owns 53,095.591 shares of InterDigital, Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (acquisition of shares through dividend equivalents) and doesn't indicate any significant positive or negative sentiment. It's a neutral disclosure required by regulations.
Positives
- The acquisition of shares through dividend equivalents reflects a continued investment in the company by a key executive.
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 provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 01/22/2025 | Date of transaction: Rajesh Pankaj acquired common stock. |
| 01/24/2025 | Date of signature: Ariel E. Greenstein, Attorney-in-Fact, signed the report. |
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