InterDigital (IDCC) CTO RSUs Vest; 8,558 Shares Withheld for Taxes
Rhea-AI Filing Summary
InterDigital insider tax-withholding sale tied to RSU vesting. Chief Technology Officer Pankaj Rajesh reported that restricted stock units granted August 15, 2022, vested on August 15, 2025. To satisfy tax obligations, 8,558 shares were withheld at a price of $269.75 per share and an additional 0.4243 shares were cash-settled for fractional shares, leaving the reporting person with approximately 68,121.53 shares beneficially owned after the transactions. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- Timely disclosure of the transactions via Form 4, showing compliance with reporting rules
- Vesting of long-term equity occurred as scheduled (RSUs granted 08/15/2022 vested 08/15/2025), reflecting compensation plan execution
Negative
- Reduction in reported holdings due to tax-withholding sale of 8,558 shares at $269.75 per share
Insights
Routine RSU vesting led to withholding and a small insider share reduction; no unusual trading indicated.
The filing documents a standard tax-withholding event following the vesting of long-term equity compensation. The sale of 8,558 shares at $269.75 per share reflects withholding of vested restricted stock units rather than an open-market disposition intended to alter ownership or signal a change in strategy. Remaining beneficial ownership of ~68,121.53 shares retains the reporting person's continued equity stake.
Disclosure is consistent with Section 16 reporting and shows compliance with compensation settlement practices.
The Form 4 includes an explanatory footnote clarifying that the transactions were tax-related with an additional cash settlement for fractional shares. The documented use of withholding for tax liability and the attorney-in-fact signature indicate standard administrative handling of the vesting event and timely reporting on Form 4.