InterDigital Inc (IDCC)

[Corp_Buyer]

"They were not subject to any incentive change", meaning the number of RSU shares would not change. However, there was, presumably, incentive for the grant recipients to increase the value of those RSU shares and therefore our shares in the company.

Under the latest self serving scheme, for the same company performance, management will now get 300% more payoff on those exchanged RSUs shares than before, at increased cost to shareholders.

This is another significant and unnecessary compensation increase, as though the LTCP was not expensive enough already.

Recall that the LTCP plan in its entirety was created by top management AFTER the independent peer-based compensation analysis by ISS concluded that the "compensation system" at IDCC was excessive and also AFTER shareholders voted to deny management's request for a compensation increase in the form of 5M more ISO shares.

It STINKS.

MO,
Corp_Buyer