Form 4: InterDigital Executive Rajesh Pankaj Reports Stock Transactions Following Vesting of Restricted Stock Units

Rajesh Pankaj, Chief Technology Officer of InterDigital, Inc., reports transactions related to the vesting of performance-based restricted stock units and associated tax withholdings.

Summary

• On March 15, 2025, Rajesh Pankaj, Chief Technology Officer of InterDigital, Inc., had performance-based restricted stock units vest, resulting in the acquisition of 18,059.894 shares and 22,575.9114 shares of common stock.
• These shares stemmed from awards granted on August 15, 2022, under the company's 2017 Equity Incentive Plan.
• The vesting was based on achieving 200% of the performance goal for the 2022 cycle.
• Additionally, 17,538 shares were withheld to cover tax liabilities related to the vesting of these restricted stock units.
• Fractional shares were settled in cash, resulting in the disposal of 3.8054 shares.
• Another 3,183 shares were withheld for tax liabilities related to restricted stock units granted on March 31, 2023, and March 15, 2024.
• Fractional shares from these units were also settled in cash, resulting in the disposal of 0.7852 shares.
• Following these transactions, Pankaj directly owns 72,305.8058 shares of InterDigital common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies like InterDigital.

Comparison to Industry Standards

• Equity compensation is a standard practice in the technology industry to incentivize and retain key executives.
• Companies like Qualcomm, Ericsson, and Nokia also utilize restricted stock units and performance-based awards as part of their compensation packages.
• The vesting schedules and performance metrics associated with these awards vary depending on the company's specific goals and compensation philosophy.

Stakeholder Impact

• The vesting of restricted stock units impacts the total shares outstanding and could have a minor dilutive effect on existing shareholders.
• The transactions reflect the company's compensation practices and its commitment to incentivizing key executives.

Key Dates