Chen Lawrence Liren 4
Research Summary
AI-generated summary
InterDigital (IDCC) CEO Chen Receives RSU Award
What Happened
Lawrence Liren Chen, President, CEO and a director of InterDigital, received an award of 83.632 restricted stock units (RSUs) on January 28, 2026. The reported acquisition price is $0.00 (these units were credited as dividend equivalents on previously granted, unvested RSUs), so the Form 4 lists total cash value of $0 for the transaction. This is an award/credit, not a purchase or sale.
Key Details
- Transaction date: 2026-01-28; reported on Form 4 filed 2026-01-30 (timely within the usual 2-business-day window).
- Transaction type/code: A — Award/Grant/Other acquisition.
- Shares/units received: 83.632 RSUs credited; price reported $0.00 (dividend-equivalent credit).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnote: F1 — These RSUs were credited as dividend equivalents on unvested restricted stock units previously granted; dividend equivalents accrue when InterDigital pays cash dividends.
Context
Dividend-equivalent RSU credits are a common compensation practice that increases the number of unvested RSUs when cash dividends are paid; they do not involve an out-of-pocket purchase by the insider nor an immediate sale. Such credits generally reflect compensation mechanics rather than a direct signal of insider buying or selling.