InterDigital (IDCC) director gets additional shares from RSU dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
InterDigital, Inc. director Jean F. Rankin received a small stock-based compensation adjustment tied to prior equity awards. On April 22, 2026, Rankin acquired 1.9398 shares of common stock at a price of $0.0000 per share, reflecting dividend-equivalent credits on unvested restricted stock units.
After this award, Rankin directly holds a total of 28,397.8644 shares of InterDigital common stock. The transaction is classified as a grant or award acquisition, not an open-market purchase or sale, and arises automatically from the company’s dividend policy on previously granted unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RANKIN JEAN F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1.94 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,397.864 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 1.9398 shares
Price per share: $0.0000
Total holdings after transaction: 28,397.8644 shares
3 metrics
Shares acquired
1.9398 shares
Grant/award acquisition on April 22, 2026
Price per share
$0.0000
Compensation-related stock grant, not market purchase
Total holdings after transaction
28,397.8644 shares
Direct ownership following Form 4 transaction
Key Terms
restricted stock units, dividend equivalents, grant, award, or other acquisition
3 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 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.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did InterDigital (IDCC) director Jean F. Rankin report on this Form 4?
Jean F. Rankin reported receiving 1.9398 shares of InterDigital common stock. These shares were granted at $0.0000 per share as a stock-based compensation adjustment linked to dividend equivalents on previously granted unvested restricted stock units.
Was the InterDigital (IDCC) Form 4 transaction a market buy or sell?
The Form 4 shows no open-market buy or sell. Instead, Rankin acquired 1.9398 shares through a grant classified as a “grant, award, or other acquisition” tied to dividend equivalents on unvested restricted stock units, not a discretionary market trade.
What are dividend equivalents on unvested InterDigital (IDCC) restricted stock units?
Dividend equivalents are additional stock units or shares credited when cash dividends are paid on InterDigital common stock. For unvested restricted stock units, these equivalents accrue over time, increasing the award as if dividends had been reinvested, and are later settled in additional stock.