InterDigital (IDCC) CTO granted extra RSU-based shares via dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
InterDigital, Inc. Chief Technology Officer Pankaj Rajesh reported an automatic equity award rather than an open-market trade. On the reported date, he acquired 26.9703 shares of common stock at no cost, stemming from restricted stock units credited as dividend equivalents on previously granted unvested RSUs. Following this award, his direct holdings increased to 72,476.4617 shares of InterDigital common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pankaj Rajesh
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26.97 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 72,476.462 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares acquired: 26.9703 shares
Price per share: $0.0000 per share
Total holdings after: 72,476.4617 shares
+2 more
5 metrics
Shares acquired
26.9703 shares
Grant/award acquisition of common stock on 2026-04-22
Price per share
$0.0000 per share
Equity award credited as restricted stock units
Total holdings after
72,476.4617 shares
Direct common stock ownership following the award
Transaction code
A
Grant, award, or other acquisition of non-derivative common stock
Insider role
Chief Technology Officer
Reporting person’s position at InterDigital, Inc.
Key Terms
restricted stock units, dividend equivalents, unvested restricted stock units, grant, award, or other acquisition
4 terms
restricted stock units financial
"Restricted stock units received pursuant to dividend equivalents credited on unvested restricted stock units previously granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalents financial
"Dividend equivalents accrue with respect to unvested restricted stock units when and as cash dividends are paid"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
unvested restricted stock units financial
"dividend equivalents credited on unvested restricted stock units previously granted to the reporting person"
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did InterDigital (IDCC) report for CTO Pankaj Rajesh?
InterDigital reported that CTO Pankaj Rajesh received 26.9703 shares of common stock as an equity award. These shares were credited as restricted stock units through dividend equivalents on his previously granted unvested RSUs, increasing his direct holdings to 72,476.4617 shares.
Was the InterDigital (IDCC) CTO’s Form 4 transaction an open-market buy or sell?
The transaction was not an open-market buy or sell. It was classified as a grant or award acquisition, where 26.9703 common shares were received at a price of $0.0000 per share through restricted stock units tied to dividend equivalents on unvested RSUs.
What are dividend equivalents on unvested RSUs in the InterDigital (IDCC) filing?
Dividend equivalents are additional restricted stock units credited when cash dividends are paid on InterDigital’s common stock. In this filing, dividend equivalents were credited on previously granted unvested RSUs, resulting in 26.9703 new RSU-based common shares for CTO Pankaj Rajesh at no cash cost.
How is the InterDigital (IDCC) Form 4 transaction coded and what does it mean?
The transaction is coded “A” for a grant, award, or other acquisition. This means the CTO received 26.9703 shares of common stock as a compensation-related equity award, not through a market purchase or sale, and the shares were credited at a $0.0000 per-share price.