InterDigital, Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: IDCC · Form: DEF 14A · Filed: Apr 23, 2024 · CIK: 1405495

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, InterDigital, Executive Compensation, Corporate Governance

TL;DR

<b>InterDigital, Inc. has filed its Definitive Proxy Statement (DEF 14A) on April 23, 2024, detailing corporate governance and executive compensation information for the reporting period ending June 5, 2024.</b>

AI Summary

InterDigital, Inc. (IDCC) filed a Proxy Statement (DEF 14A) with the SEC on April 23, 2024. Filing type: DEF 14A (Definitive Proxy Statement). Filing date: 2024-04-23. Reporting period: 2024-06-05. Company SIC code: 6794 (Patent Owners & Lessors). Company address: 200 Bellevue Parkway, Suite 300, Wilmington, DE 19809-3727.

Why It Matters

For investors and stakeholders tracking InterDigital, Inc., this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and make informed voting decisions on matters presented at the annual meeting. The DEF 14A provides detailed information on the company's board of directors, executive compensation, and other corporate governance practices, which are key factors for investors evaluating the company's management and long-term strategy.

Risk Assessment

Risk Level: low — InterDigital, Inc. shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic shifts, indicating a low level of immediate risk.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions to inform voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did InterDigital, Inc. file this DEF 14A?

InterDigital, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 23, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by InterDigital, Inc. (IDCC).

Where can I read the original DEF 14A filing from InterDigital, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by InterDigital, Inc..

What are the key takeaways from InterDigital, Inc.'s DEF 14A?

InterDigital, Inc. filed this DEF 14A on April 23, 2024. Key takeaways: Filing type: DEF 14A (Definitive Proxy Statement). Filing date: 2024-04-23. Reporting period: 2024-06-05.

Is InterDigital, Inc. a risky investment based on this filing?

Based on this DEF 14A, InterDigital, Inc. presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic shifts, indicating a low level of immediate risk.

What should investors do after reading InterDigital, Inc.'s DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions to inform voting decisions. The overall sentiment from this filing is neutral.

How does InterDigital, Inc. compare to its industry peers?

InterDigital operates in the patent licensing and R&D sector, focusing on wireless communication technologies.

Are there regulatory concerns for InterDigital, Inc.?

As a patent owner and licensor, InterDigital is subject to regulations concerning intellectual property, corporate governance, and financial disclosures.

Industry Context

InterDigital operates in the patent licensing and R&D sector, focusing on wireless communication technologies.

Regulatory Implications

As a patent owner and licensor, InterDigital is subject to regulations concerning intellectual property, corporate governance, and financial disclosures.

What Investors Should Do

  1. Review the detailed executive compensation packages for named executive officers.
  2. Examine proposals related to director elections and any shareholder-proposed resolutions.
  3. Understand the company's approach to corporate governance and board oversight.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard proxy statement. Specific comparative data from a previous filing is not directly available in this extract.

Filing Stats: 4,673 words · 19 min read · ~16 pages · Grade level 13.5 · Accepted 2024-04-23 16:11:25

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 31 Compensation Discussion and Analysis 31 Human Capital Committee Report 44 Summary Compensation Table 45 Grants of Plan Based Awards in 2023 47 Outstanding Equity Awards at 2023 Fiscal Year End 49 Option Exercises and Stock Vested in 2023 51 Nonqualified Deferred Compensation 52 Potential Payments upon Termination or Change in Control 54 Pay Versus Performance 61 Chief Executive Officer Pay Ratio 65 EQUITY COMPENSATION PLAN INFORMATION 66

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 67 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 69 DELINQUENT SECTION 16(A) REPORTS 70 OTHER MATTERS 71 Shareholder Proposals 71 Proxy Solicitation Costs and Potential Savings 71 Annual Report on Form 10-K 72 Other Business 72 APPENDIX A A-1 2 Table of Contents INTERDIGITAL, INC. 200 Bellevue Parkway, Suite 300 Wilmington, Delaware 19809-3727 PROXY STATEMENT This proxy statement contains information relating to our annual meeting of shareholders to be held on Wednesday, June 5, 2024, at 2:00 PM Eastern Time, and at any postponements or adjournments thereof. This year's annual meeting of shareholders will be held as a virtual meeting. Shareholders attending the virtual meeting will be afforded the same rights and opportunities to participate as they would at an in-person meeting. You will be able to attend and participate in the annual meeting online via a live webcast by visiting www.virtualshareholdermeeting.com/IDCC2024. In addition to voting by submitting your proxy prior to the annual meeting, you also will be able to vote your shares electronically during the annual meeting. Your proxy for the annual meeting is being solicited by our Board of Directors (the "Board"). INTERNET AVAILABILITY OF PROXY MATERIALS As permitted by Securities and Exchange Commission ("SEC") rules, we are making this proxy statement and our annual report available to our shareholders primarily via the Internet, rather than mailing printed copies of these materials to each shareholder. We believe that this process will expedite shareholders' receipt of the proxy materials, lower the costs of the annual meeting and help to conserve natural resources. On or about April 23, 2024, we began mailing to each shareholder (other than those who previously requested electronic delivery of all materials or previously elected to receive delivery of a paper copy of the proxy materials) a

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