InterDigital (IDCC) director awarded RSUs and settles small fractional share
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
InterDigital, Inc. director Jean F. Rankin reported routine equity compensation and a small related adjustment. Rankin received an award of 906 shares of common stock on June 10, 2026 as restricted stock units granted under the company’s 2025 Equity Incentive Plan for non-management directors.
On June 11, 2026, 0.8644 shares were disposed of to the issuer at $253.91 per share as a cash settlement of a fractional share tied to the vesting of those restricted stock units and associated dividend equivalent units. After these transactions, Rankin directly holds 29,303 shares of InterDigital common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
RANKIN JEAN F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 0.864 | $253.91 | $219.48 |
| Grant/Award | Common Stock | 906 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 29,303 shares (Direct, null)
Footnotes (1)
- An annual award of restricted stock units granted pursuant to the company's 2025 Equity Incentive Plan in accordance with the company's compensation program for non-management directors. The transaction reported reflects the cash settlement of a fractional share in connection with the vesting of restricted stock units. The restricted stock units were granted to the reporting person on June 11, 2025 pursuant to the company's 2025 Equity Incentive Plan in accordance with the company's compensation program for non-employee directors and vested in full on June 11, 2026, together with accrued dividend equivalent units.
Key Figures
RSU award: 906 shares
Fractional share disposed: 0.8644 shares
Disposition price: $253.91 per share
+1 more
4 metrics
RSU award
906 shares
Annual restricted stock unit grant on June 10, 2026
Fractional share disposed
0.8644 shares
Cash settlement to issuer on June 11, 2026
Disposition price
$253.91 per share
Price for 0.8644-share cash settlement to issuer
Shares held after transactions
29,303 shares
Direct InterDigital common stock holdings post‑transactions
Key Terms
restricted stock units, 2025 Equity Incentive Plan, dividend equivalent units, Disposition to issuer
4 terms
restricted stock units financial
"An annual award of restricted stock units granted pursuant to the company's 2025 Equity Incentive Plan"
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.
2025 Equity Incentive Plan financial
"granted pursuant to the company's 2025 Equity Incentive Plan in accordance with the company's compensation program"
dividend equivalent units financial
"vested in full on June 11, 2026, together with accrued dividend equivalent units"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
FAQ
What did InterDigital (IDCC) director Jean F. Rankin report in this Form 4?
Jean F. Rankin reported a routine equity award and a minor related adjustment. She received 906 restricted stock units and later settled a 0.8644-share fractional position for cash, all under InterDigital’s 2025 Equity Incentive Plan for non-management directors.
What plan governed Jean F. Rankin’s equity award at InterDigital (IDCC)?
The equity award was granted under InterDigital’s 2025 Equity Incentive Plan. It is described as an annual grant of restricted stock units provided in line with the company’s compensation program for non-management, non-employee directors serving on the board.