RANKIN JEAN F 4
Research Summary
AI-generated summary
InterDigital (IDCC) Director Jean F. Rankin Receives Award
What Happened
- Jean F. Rankin, a director of InterDigital, received an award of 2.195 restricted stock units (RSUs) on January 28, 2026. The units were recorded at $0.00 per share (total value reported $0) because they represent dividend equivalents credited to previously granted unvested RSUs rather than a cash purchase.
Key Details
- Transaction date: 2026-01-28; Form 4 filed: 2026-01-30 (timely filing).
- Transaction type/code: Award/Grant (A).
- Shares/units acquired: 2.195 RSUs; reported price per share: $0.00; reported amount paid: $0.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: The RSUs were issued pursuant to dividend equivalents that accrue on unvested RSUs when InterDigital pays cash dividends (see footnote F1).
Context
- These units are dividend-equivalent credits to existing unvested RSUs, not an open-market purchase or sale. Such dividend-equivalent awards are typically mechanical adjustments tied to dividend payments and do not necessarily signal a change in the insider’s market view.