InterDigital (NASDAQ: IDCC) CLO adds shares via RSU dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
InterDigital, Inc. officer Joshua D. Schmidt, the company’s CLO and Corporate Secretary, reported acquiring 25.7802 shares of common stock through restricted stock units credited as dividend equivalents on previously granted unvested RSUs.
These RSU-based shares were received at $0 per share and increase his directly held beneficial ownership to 27,487.6941 shares of InterDigital common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schmidt Joshua D.
Role
CLO & Corp Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25.78 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 27,487.694 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did InterDigital (IDCC) report for Joshua D. Schmidt?
InterDigital reported that CLO and Corporate Secretary Joshua D. Schmidt acquired 25.7802 common shares via restricted stock units. These units were credited as dividend equivalents on his previously granted unvested RSUs, rather than through an open-market stock purchase.
What are dividend equivalents on InterDigital (IDCC) restricted stock units?
Dividend equivalents are additional RSUs credited when cash dividends are paid on the company’s common stock. For Schmidt, they accrue on unvested RSUs and result in incremental restricted stock units like the 25.7802 shares disclosed in this Form 4.