Company: IDCC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-097149
Chunk: 21

Company: InterDigital, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 21
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orated payments are made for service of less than a full year. The compensation program is designed to compensate each non-employeedirector for participating in up to ten Board meetings per year and up to ten meetings per year for each standing committee on which the non-employeedirector serves. Additional compensation is paid to each non-employeedirector for participating in meetings during the Board term (which runs from annual meeting date to annual meeting date) in excess of these thresholds, as follows: $4,000 for each additional Board meeting and $1,000 for each additional committee meeting. In addition, non-employeedirectors are paid a per diem fee of $1,000 for attendance at or participation in events, conferences or meetings, in their capacity as a director, at the request of the company’s senior management, provided that such attendance or participation requires a significant time commitment and would be considered outside of the director’s typical Board and/or committee duties. Any per diem fee payments are subject to the approval of the Human Capital Committee. For his or her service during the 2024-2025 Board term, each non-employeedirector received a restricted stock unit (“RSU”) award in an amount approximately equal in value to $200,000 that vests in full one year from the grant date. Upon his or her initial appointment to the Board, new non-employeedirectors receive a pro-ratedRSU award for his or her partial service during the then-current Board term. The number of RSUs granted is calculated using the closing stock price of the company’s common stock on the date of grant. The vesting of RSU awards may be deferred. Except in certain limited circumstances, an election to defer must be made in the calendar year preceding the year that the award is made. Unvested time-based RSUs and deferred RSUs accrue dividend equivalents, which are paid in the form of additional shares of stock at the time, and only to the extent, that the awards vest or at the end of the deferral period, as applicable. To align the interests of non-employeedirectors and executives with those of our shareholders, the company has adopted stock ownership guidelines. The stock ownership guidelines applicable to the non-employeedirectors are set at a target of an amount of company stock valued at five times the annual cash retainer for Board members of $65,000. Qualifying stock includes shares of common stock and RSUs. For purposes of calculating the value of company stock holdings,