Form 4: InterDigital Executive Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Rajesh Pankaj, Chief Technology Officer of InterDigital, reports the vesting of restricted stock units (RSUs) and subsequent transactions including tax withholding and cash settlement of fractional shares.
Summary
- On March 15, 2024, Rajesh Pankaj, the Chief Technology Officer of InterDigital, Inc., had restricted stock units (RSUs) vest.
- A portion of these RSUs were withheld to cover the reporting person's tax liability, totaling 993 shares at a price of $102.59.
- Additionally, 0.993 shares were disposed of due to the cash settlement of fractional shares at $102.59.
- Pankaj also acquired 11,210 restricted stock units on March 15, 2024, at $0 per unit.
- Following these transactions, Pankaj directly owns 65,589.3017 shares of InterDigital common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions have a minimal impact on the overall market capitalization of InterDigital.
Key Dates
| Date | Description |
|---|---|
| 03/31/2023 | Restricted stock units were granted to the reporting person pursuant to the company's 2017 Equity Incentive Plan. |
| 03/15/2024 | Date of earliest transaction: vesting of restricted stock units, tax withholding, and cash settlement of fractional shares. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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