Replies to post #165256 on 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

[Corp_Buyer]

OD- another aspect that seems to have gone unnoticed by the folks on this board, is the repeated amendments and pro-rata payouts, year after year, which defeats the time-based nature of the grants and purported retention benefits, does it not?

MO,
Corp_Buyer

[revlis]

olddog,

Thank you for your additional information. The officer not included was Merritt and I have 10,740 shares for him. If you add up all the shares for all the officers you get about 30,000 shares. If they would achieve the 150% goal that would come to 90,000 shares over the second 3 year cycle.

Before you correct me, I saw that the first cycle ended Dec 31, 2005 nor Dec 31,2004 as I stated in my post.(Actually Jan.1)

90,000 shares in a 3 year period is hardly any dilution at all.

mo