InterDigital CTO reports RSU vesting and tax withholding
InterDigital, Inc. Chief Technology Officer Pankaj Rajesh reported the vesting of performance-based restricted stock units on March 15, 2026.
Rhea-AI Filing Summary
InterDigital, Inc. Chief Technology Officer Pankaj Rajesh reported the vesting of performance-based restricted stock units on March 15, 2026. He acquired 21,430.5045 shares of common stock as awards that vested based on the achievement level of a 2023 performance goal, including additional shares from accrued dividend equivalents.
To cover tax obligations related to these vestings, a total of 13,470 restricted stock units were withheld and disposed of, and small fractional share amounts were settled in cash through dispositions to the issuer. After these transactions, Rajesh directly holds 68,154.4914 shares of InterDigital common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,430.5045 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,319 | $362.35 | $3.38M |
| Disposition | Common Stock | 0.5045 | $362.35 | $182.81 |
| Exercise Price or Tax Liability | Common Stock | 4,151 | $362.35 | $1.50M |
| Disposition | Common Stock | 1.5788 | $362.35 | $572.08 |
Footnotes (5)
- F1. The transaction reported represents the vesting of awards of performance-based restricted stock units granted to the reporting person on March 31, 2023 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement level of the 2023 cycle performance goal, 200% of the reporting person's target performance-based restricted stock unit awards, or 20,578 restricted stock units, vested on March 15, 2026 together with 852.5045 additional shares representing accrued dividend equivalent units.
- F2. The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability in connection with the vesting of awards of performance-based restricted stock units described above.
- F3. The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of awards of performance-based restricted stock units described above.
- F4. The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability. The restricted stock units were granted to the reporting person on March 31, 2023, March 15, 2024 and March 31, 2025 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on March 15, 2026, together with accrued dividend equivalents.
- F5. he transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in the previous footnote.
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