InterDigital (NASDAQ: IDCC) director granted dividend-equivalent RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
InterDigital, Inc. director Derek K. Aberle reported a small equity award tied to dividend equivalents on existing restricted stock units. He acquired 1.9398 shares of common stock at no cost through restricted stock units credited when cash dividends were paid on unvested RSUs. Following this grant, he directly holds a total of 7,236.8644 shares of InterDigital common stock. This is a routine, compensation-related adjustment rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ABERLE DEREK K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1.94 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,236.864 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU dividend grant: 1.9398 shares
Holdings after transaction: 7,236.8644 shares
Grant price per share: $0.0000 per share
3 metrics
RSU dividend grant
1.9398 shares
Restricted stock units credited as dividend equivalents on unvested RSUs
Holdings after transaction
7,236.8644 shares
Total InterDigital common shares held directly after RSU grant
Grant price per share
$0.0000 per share
Reported transaction price for RSU-related acquisition
Key Terms
restricted stock units, dividend equivalents, unvested restricted stock units
3 terms
restricted stock units financial
"Restricted stock units received pursuant to dividend equivalents credited on unvested restricted stock units"
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 credited on unvested restricted stock units previously granted to the reporting person"
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 accrue with respect to unvested restricted stock units when and as cash dividends are paid"
FAQ
What did Derek K. Aberle report in the latest InterDigital (IDCC) Form 4?
Derek K. Aberle reported receiving 1.9398 shares of InterDigital common stock through restricted stock units. These RSUs were credited as dividend equivalents on his previously granted, unvested restricted stock units and did not involve any open-market purchase or sale activity.
Was Derek K. Aberle’s InterDigital (IDCC) Form 4 a market buy or sell?
The Form 4 does not show a market buy or sell. Instead, it reports an acquisition coded as a grant or award, where 1.9398 shares were received via dividend-equivalent restricted stock units on unvested RSUs, with no cash price per share reported.
What does the dividend-equivalent RSU footnote mean in the InterDigital (IDCC) Form 4?
The footnote explains that the reported restricted stock units were received as dividend equivalents on unvested RSUs. When InterDigital pays cash dividends on its common stock, additional RSUs are credited on those unvested awards instead of paying cash directly on those underlying shares.
What transaction code appears on Derek K. Aberle’s InterDigital (IDCC) Form 4?
The transaction is coded “A” for a grant, award, or other acquisition. It reflects 1.9398 shares of common stock received through restricted stock units, rather than a discretionary open-market trade, and increased his direct holdings to 7,236.8644 shares.