Schmidt Joshua D. 4

What Happened Joshua D. Schmidt, Chief Legal Officer and Corporate Secretary of InterDigital, received an award of 18.393 restricted stock units (RSUs) reported as an acquisition (code A) on 2026-04-22. The reported price per share is $0.00 (award/grant), so no cash was paid; the Form 4 shows a $0 transaction value. This was not an open-market buy or sell—it's a grant of RSUs credited as dividend equivalents on previously granted unvested RSUs.

Key Details

• Transaction date: 2026-04-22; Filing date: 2026-04-24 (Form 4 accession 0001628280-26-026995).
• Transaction type/code: Award/Acquisition (A). Reported price: $0.00 (awarded, not purchased).
• Shares awarded: 18.393 RSUs (reported as shares acquired).
• Shares owned after transaction: Not specified on the provided summary of the Form 4.
• Footnote: These RSUs were issued as dividend equivalents credited on unvested restricted stock units previously granted to the reporting person; dividend equivalents accrue when InterDigital pays cash dividends on its common stock.
• Timeliness: Filed two days after the transaction date (within the typical 2-business-day Form 4 reporting window).

Context This transaction reflects a non-cash grant tied to previously awarded unvested RSUs (dividend equivalent crediting). Such awards are routine compensation adjustments and do not represent an insider purchase or sale indicating a change in market sentiment.