Schmidt Joshua D. 4

What Happened
Joshua D. Schmidt, Chief Legal Officer and Corporate Secretary of InterDigital, received an award of 26.767 restricted stock units (RSUs) on July 22, 2026. The units were recorded at $0.00 per share (total reported value $0) because they were issued as dividend equivalents credited on previously granted, unvested RSUs — not as a cash purchase.

Key Details

• Transaction date: 2026-07-22; Form 4 filed: 2026-07-24 (two days after the transaction).
• Transaction type/code: Award/Acquisition (A) — 26.767 RSUs granted at $0.00 each.
• Reported value: $0 (these are dividend-equivalent RSUs, not a paid purchase).
• Shares/units owned after the transaction: Not specified in the provided excerpt; see the full Form 4 for total holdings.
• Footnote (F1): These RSUs were issued as dividend equivalents credited on unvested RSUs previously granted to the reporting person; dividend equivalents accrue when InterDigital pays cash dividends.

Context
Dividend-equivalent RSU awards simply compensate holders of unvested RSUs for dividends paid on common stock; they do not involve a cash outlay or open-market trading by the insider. Such awards are typically routine and do not alone indicate a change in insider sentiment. For full details (vesting schedule, total holdings), review the complete Form 4 filing.