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InterDigital, Inc.·4

Mar 17, 5:22 PM ET

Chen Lawrence Liren 4

4 · InterDigital, Inc. · Filed Mar 17, 2026

Research Summary

AI-generated summary of this filing

Updated

InterDigital (IDCC) CEO Lawrence Chen Exercises Options, Sells Shares

What Happened

  • Lawrence L. Chen, President, CEO and Director of InterDigital (IDCC), had performance-based equity awards vest on March 15, 2026. He received 42,429.858 restricted shares (RSUs and accrued dividend equivalents) and 125,360 derivative units from performance-based awards. To satisfy tax and exercise obligations, 18,451 shares and 9,026 shares (plus two small fractional-share cash settlements) were withheld/disposed at $362.35 per share, generating roughly $9.96 million in value used for taxes/exercise payments. These were vesting/withholding transactions tied to the company’s long‑term compensation program (not open‑market sales).

Key Details

  • Transaction date: March 15, 2026; Form 4 filed March 17, 2026.
  • Prices reported for withheld/disposed shares: $362.35 per share.
  • Withheld/disposed amounts: 18,451 shares ($6,685,720) and 9,026 shares ($3,270,571); two fractional-share cash settlements of $311 and $313. Total ≈ $9,956,915.
  • Acquired/vested: 42,429.858 shares (RSUs + dividend equivalents) and 125,360 derivative units (performance-based stock options/awards).
  • Footnotes summary:
    • F1/F6: 200% of target performance awards from grants (March 31, 2023) vested based on performance, producing the RSUs and performance-based options.
    • F4: Additional restricted stock units from grants on Mar 31, 2023; Mar 20, 2024; and Mar 31, 2025 also vested (with accrued dividend equivalents).
    • F2/F5: Restricted stock units were withheld to satisfy tax liabilities.
    • F3/F5: Fractional shares were cashed out for small cash payments.
  • Shares owned after the transactions: not specified in the provided filing.

Context

  • These were vesting and tax-withholding events (codes A, F and D), not open-market purchases or voluntary sales—common for executives when equity awards vest. The performance awards vested at 200% of target, and the withheld shares were used to cover tax and exercise obligations (a cashless/withholding settlement rather than market sale). The Form 4 was filed two days after the transaction date (filed 3/17/2026 for transactions on 3/15/2026).

Insider Transaction Report

Form 4
Period: 2026-03-15
InterDigital, Inc.IDCC
Chen Lawrence Liren
DirectorPresident and CEO
Transactions
  • Award

    Common Stock

    [F1]
    2026-03-15+42,429.858→ 195,590.498 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-15$362.35/sh−18,451$6,685,720→ 177,139.498 total
  • Disposition to Issuer

    Common Stock

    [F3]
    2026-03-15$362.35/sh−0.858$311→ 177,138.64 total
  • Tax Payment

    Common Stock

    [F4]
    2026-03-15$362.35/sh−9,026$3,270,571→ 168,112.64 total
  • Disposition to Issuer

    Common Stock

    [F5]
    2026-03-15$362.35/sh−0.864$313→ 168,111.777 total
  • Award

    Employee Stock Option (Right-to-Buy)

    [F6]
    2026-03-15+125,360→ 514,889 total
    Exercise: $72.90From: 2026-03-15Exp: 2033-03-31→ Common Stock (125,360 underlying)
Footnotes (6)
  • [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 40,742 restricted stock units, vested on March 15, 2026 together with 1,687.8576 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 20, 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]The transaction reported represents the vesting of an award of performance-based stock options 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 stock options vested on March 15, 2026.
Signature
/s/ Ariel E. Greenstein, Attorney-in-Fact for Lawrence Liren Chen|2026-03-17

Documents

1 file
  • 4
    wk-form4_1773782545.xmlPrimary

    FORM 4