Form 4: InterDigital Executive Rajesh Pankaj Reports Stock Transactions

Rajesh Pankaj, Chief Technology Officer of InterDigital, Inc., reports the withholding of restricted stock units for tax liability and cash settlement of fractional shares.

Summary

• On August 15, 2024, Rajesh Pankaj, the Chief Technology Officer of InterDigital, Inc., engaged in transactions involving the company's common stock.
• A total of 8,459 shares were withheld to cover the reporting person's tax liability at a price of $136.76.
• Additionally, fractional shares were settled in cash for $136.76, resulting in a transaction of 1.0733 shares.
• Following these transactions, Pankaj directly owns 56,383.6676 shares of InterDigital, Inc.
• The restricted stock units were granted on August 15, 2022, under the company's 2017 Equity Incentive Plan and vested on August 15, 2024, along with accrued dividend equivalents.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation practices, including the granting and vesting of restricted stock units, are standard across the technology industry.
• Companies like Qualcomm, Ericsson, and Nokia also utilize equity-based compensation to align executive interests with shareholder value.
• The withholding of shares for tax liabilities is a common practice in these compensation plans.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and tax obligations.
• Shareholders may be indirectly affected by the alignment of executive interests with company performance through equity-based compensation.

Key Dates