Schmidt Joshua D. 4
4 · InterDigital, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
InterDigital (IDCC) CLO Joshua D. Schmidt Sells Shares, Receives RSU Vesting
What Happened
Joshua D. Schmidt, Chief Legal Officer and Corporate Secretary of InterDigital (IDCC), had performance-based restricted stock units vest on March 15, 2026 (14,286.309 shares total: 13,718 performance RSUs at 200% payout plus 568.3085 dividend equivalents). To cover tax liabilities and related amounts roughly 9,417.775 shares were withheld (and a small fractional share was cash-settled). On March 17, 2026 he sold 6,000 shares in multiple open-market transactions for total proceeds of approximately $2,089,260 (weighted avg ≈ $348.21/share). The withholding and cash-settlements reported total roughly $3,412,531.
Key Details
- Transaction dates: RSU vesting and related withholdings on 2026-03-15; open-market sales on 2026-03-17. Form 4 filed 2026-03-17.
- Award: 14,286.309 shares acquired (code A) from 2023 performance RSU cycle (200% achievement).
- Withholding/tax settlement: ~9,417.775 shares withheld / cash-settled (codes F and D) representing about $3.41M.
- Open-market sales: 6,000 shares sold for ~$2,089,260 total (weighted avg ≈ $348.21/share). Sales executed pursuant to a Rule 10b5-1 trading plan (footnote F6).
- Footnotes show aggregated price ranges for the multiple sale lots; weighted-average prices reported for each grouped sale.
- Shares owned after the transactions are not provided in the supplied data.
Context
- The primary event was RSU vesting (an award), not an option exercise purchase. Tax withholding and fractional-share cash settlements are routine following vesting.
- The March 17 sales were executed under a pre-established Rule 10b5-1 plan — a common mechanism for insiders to sell shares on a set schedule.
- These transactions are primarily routine compensation vesting and tax-related withholding plus planned open-market sales; they do not alone indicate the insider’s private view of the company’s prospects.
Insider Transaction Report
Form 4
Schmidt Joshua D.
CLO & Corp Secretary
Transactions
- Award
Common Stock
[F1]2026-03-15+14,286.309→ 41,307.003 total - Tax Payment
Common Stock
[F2]2026-03-15$362.35/sh−6,604$2,392,959→ 34,703.003 total - Disposition to Issuer
Common Stock
[F3]2026-03-15$362.35/sh−0.309$112→ 34,702.694 total - Tax Payment
Common Stock
[F4]2026-03-15$362.35/sh−2,811$1,018,566→ 31,891.694 total - Disposition to Issuer
Common Stock
[F5]2026-03-15$362.35/sh−2.466$894→ 31,889.228 total - Sale
Common Stock
[F6][F7]2026-03-17$344.35/sh−624$214,874→ 31,265.228 total - Sale
Common Stock
[F6][F8]2026-03-17$345.10/sh−998$344,410→ 30,267.228 total - Sale
Common Stock
[F6][F9]2026-03-17$346.15/sh−708$245,074→ 29,559.228 total - Sale
Common Stock
[F6][F10]2026-03-17$348.38/sh−842$293,336→ 28,717.228 total - Sale
Common Stock
[F6][F11]2026-03-17$349.08/sh−1,060$370,025→ 27,657.228 total - Sale
Common Stock
[F6][F12]2026-03-17$350.18/sh−798$279,444→ 26,859.228 total - Sale
Common Stock
[F6][F13]2026-03-17$351.16/sh−538$188,924→ 26,321.228 total - Sale
Common Stock
[F6]2026-03-17$353.00/sh−120$42,360→ 26,201.228 total - Sale
Common Stock
[F6][F14]2026-03-17$355.17/sh−312$110,813→ 25,889.228 total
Footnotes (14)
- [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 13,718 restricted stock units, vested on March 15, 2026 together with 568.3085 additional shares representing accrued dividend equivalent units.
- [F10]The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $347.63 to $348.61 per share. The price reported represents the weighted average price.
- [F11]The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $348.63 to $349.62 per share. The price reported represents the weighted average price.
- [F12]The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $349.77 to $350.75 per share. The price reported represents the weighted average price.
- [F13]The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $350.81 to $351.23 per share. The price reported represents the weighted average price.
- [F14]The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $355.04 to $355.55 per share. The price reported represents the weighted average price.
- [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]The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted on March 21, 2025.
- [F7]The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $343.60 to $344.56 per share. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the ranges set forth in this footnote and in the other footnotes in this Form 4 indicating a weighted average price.
- [F8]The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $344.64 to $345.56 per share. The price reported represents the weighted average price.
- [F9]The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $345.70 to $346.56 per share. The price reported represents the weighted average price.
Signature
/s/ Ariel E. Greenstein, Attorney-in-Fact for Joshua D. Schmidt|2026-03-17