Pankaj Rajesh 4
4 · InterDigital, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
InterDigital (IDCC) CTO Pankaj Rajesh Receives Award
What Happened
Pankaj Rajesh, Chief Technology Officer of InterDigital, had performance-based restricted stock units (RSUs) vest on March 15, 2026: 21,430.505 shares (granted at $0.00). To satisfy tax withholding, the company withheld 9,319 shares (disposed) and 4,151 shares (disposed) at $362.35 per share, generating proceeds of $3,376,740 and $1,504,115 respectively. Two fractional-share amounts (0.505 and 1.579 shares) were cash-settled for $183 and $572. Total value withheld/cash‑settled was about $4,881,610. This was a vesting/award event, with withholding to cover tax obligations (routine), not an open-market sell for investment purposes.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely filing).
- Award: 21,430.505 RSUs vested (performance-based; granted March 31, 2023; includes accrued dividend equivalents).
- Withholding disposals: 9,319 @ $362.35 = $3,376,740; 4,151 @ $362.35 = $1,504,115.
- Fractional-share cash settlements: 0.505 shares = $183; 1.579 shares = $572.
- Total value withheld/settled: ≈ $4,881,610.
- Shares owned after transaction: not specified in the filing.
- Footnotes: vesting reflects 200% of target for the 2023 performance cycle (20,578 RSUs vested plus 852.5045 dividend equivalents); withholding entries reflect tax withholding; fractional shares were cash-settled.
Context
This was a routine RSU vesting event (performance-based award), not an open-market sale. Withholding of shares to cover taxes and cash settlement of fractional shares are common practices and do not necessarily indicate the insider’s view on the stock. Total withholding value (~$4.9M) reflects the vesting size and the share price used for tax withholding.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-15+21,430.505→ 81,626.575 total - Tax Payment
Common Stock
[F2]2026-03-15$362.35/sh−9,319$3,376,740→ 72,307.575 total - Disposition to Issuer
Common Stock
[F3]2026-03-15$362.35/sh−0.505$183→ 72,307.07 total - Tax Payment
Common Stock
[F4]2026-03-15$362.35/sh−4,151$1,504,115→ 68,156.07 total - Disposition to Issuer
Common Stock
[F5]2026-03-15$362.35/sh−1.579$572→ 68,154.491 total
Footnotes (5)
- [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]he transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in the previous footnote.