4Filed Jul 23, 8:00 PM ET
InterDigital Director Jean F. Rankin Receives Award of 2.448 Shares
$IDCC · InterDigital, Inc.Research Summary
AI-generated summary of this SEC filing
InterDigital Director Jean F. Rankin Receives Award of 2.448 Shares
What Happened
Jean F. Rankin, a director of InterDigital, Inc. (IDCC), was credited with 2.448 shares on 2026-07-22 as an award (transaction code A). The reported price per share is $0.00 and the aggregate cash value is $0 — these shares were issued as restricted stock units credited as dividend equivalents rather than a purchase.
Key Details
- Transaction date: 2026-07-22 (Form 4 filed 2026-07-24; filing appears timely).
- Transaction type/code: Award / Acquisition (A) — 2.448 shares at $0.00.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: The shares represent restricted stock units received pursuant to dividend equivalents credited on unvested RSUs previously granted to the reporting person (dividend equivalents accrue when cash dividends are paid).
- No indication of a sale, option exercise, 10b5-1 plan, or tax-withholding disposition in the provided excerpt.
Context
This was an award of dividend-equivalent RSUs — a routine corporate action that converts dividend equivalents on unvested RSUs into additional units/shares. Such awards are administratively common and do not necessarily indicate the director is buying or selling based on company outlook.