BREZSKI RICHARD 4
4 · InterDigital, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
InterDigital (IDCC) CFO Richard Brezski Receives RSU Award, Withholds Shares
What Happened
- Richard Brezski, CFO of InterDigital (IDCC), received the vesting of 21,430.505 performance-based restricted stock units (RSUs) on March 15, 2026. Based on the filing price used for the withholding transactions ($362.35), the vested award was worth roughly $7.8M.
- To satisfy tax withholding, 9,319 RSUs (cash value $3,376,740) and 3,965 RSUs (cash value $1,436,718) were withheld/settled. Two fractional-share cash settlements of 0.505 and 0.53 shares totaled about $375. Additionally, Brezski made a gift of 1,000 shares (cash value ≈ $362,350) to a donor-advised fund.
Key Details
- Transaction dates: vesting and withholding recorded March 15, 2026; gift recorded March 16, 2026; Form 4 filed March 17, 2026 (timely filing).
- Prices used for the dispositions: $362.35 per share.
- Net effect: ~21,430.505 RSUs vested; after tax withholding, fractional cash settlements and the 1,000-share gift, roughly 7,145 shares remained from the vesting (approximate).
- Notes from the filing:
- F1/F4: These were performance-based RSUs granted under the 2017 Equity Incentive Plan; the 2023 cycle paid out at 200% of target (20,578 RSUs) plus 852.5045 dividend equivalents.
- F2/F4: Withholding of RSUs satisfied the reporting person’s tax liability (not open-market sales).
- F3/F5: Fractional shares were cash-settled.
- F6: The 1,000-share transfer was a charitable donation to a donor-advised fund.
- F7: The filing references beneficial ownership in the company plan (exact post-transaction holding per plan not listed in this excerpt).
Context
- This was primarily an award vesting event (A) with withholding to cover taxes (F) and a charitable gift (G). Tax withholding and cash settlement of fractional shares are routine and do not indicate an open-market sale by the insider. Gifts likewise do not necessarily reflect trading intent.
Insider Transaction Report
Form 4
BREZSKI RICHARD
Chief Financial Officer
Transactions
- Award
Common Stock
[F1]2026-03-15+21,430.505→ 91,834.098 total - Tax Payment
Common Stock
[F2]2026-03-15$362.35/sh−9,319$3,376,740→ 82,515.098 total - Disposition to Issuer
Common Stock
[F3]2026-03-15$362.35/sh−0.505$183→ 82,514.594 total - Tax Payment
Common Stock
[F4]2026-03-15$362.35/sh−3,965$1,436,718→ 78,549.594 total - Disposition to Issuer
Common Stock
[F5]2026-03-15$362.35/sh−0.53$192→ 78,549.064 total - Gift
Common Stock
[F6]2026-03-16−1,000→ 77,549.064 total
Holdings
- 1,951(indirect: By 401(k))
Common Stock
[F7]
Footnotes (7)
- [F1]The transaction reported represents the vesting of awards of performance-based restricted stock units granted to the reporting person on March 31, 2023 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement level of the 2023 cycle performance goal, 200% of the reporting person's target performance-based restricted stock unit awards, or 20,578 restricted stock units, vested on March 15, 2026 together with 852.5045 additional shares representing accrued dividend equivalent units.
- [F2]The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability in connection with the vesting of awards of performance-based restricted stock units described above.
- [F3]The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of awards of performance-based restricted stock units described above.
- [F4]The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability. The restricted stock units were granted to the reporting person on March 31, 2023, March 15, 2024 and March 31, 2025 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on March 15, 2026, together with accrued dividend equivalents.
- [F5]The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in the previous footnote.
- [F6]Represents a charitable donation to a donor advised fund.
- [F7]As of the most recently published account statement, the reporting person beneficially owned this number of whole shares of common stock pursuant to the InterDigital Savings and Protection Plan.
Signature
/s/ Amy A. Miraglia, Attorney-in-Fact for Richard J. Brezski|2026-03-17