Liren Chen

President and Chief Executive Officer (CEO) at InterDigital

Board

Since February 6, 2025

Age

54 years

Education

Earned a Bachelor's degree in Automation from Tsinghua University, a Master of Science in Electrical Engineering from the University of Maine, a Master of Business Administration from San Diego State University, and a Juris Doctor from the University of San Diego.

Also at InterDigital

JDS

Joshua D. Schmidt

Chief Legal Officer and Corporate Secretary

Rajesh Pankaj

Chief Technology Officer (CTO)

RJB

Richard J. Brezski

Chief Financial Officer (CFO)

About

Currently serving as the President and Chief Executive Officer at InterDigital, Inc., this executive leads the company’s strategic growth and operational initiatives.

Previously, he held the position of Senior Vice President and Global Head of Intellectual Property at Qualcomm Inc., where he developed deep expertise in technology and intellectual property management.

His academic background, marked by advanced degrees in engineering, business, and law, has provided him with a well-rounded foundation to navigate the complexities of the tech industry.

$IDCC Performance Under Liren Chen

Past Roles

Organization	Role	Date Range	Details
Qualcomm Inc.	Senior Vice President, Global Head of IP	N/A	Held position before joining IDCC

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Salary	$710,000	Annual (effective March 1, 2024)	Base salary earned during 2024
Stock Awards – Time-Based RSUs	$3,000,000	Granted March 20, 2024; vesting schedule not provided	28,805 shares granted as time-based RSUs
All Other Compensation	$56,868	Annual	Includes $41,369 in deferred compensation plan matching contributions and other benefits

Performance Compensation

Data from FY 2024

Option Awards

Metric	Value	Details
Grant Date	March 20, 2024	Date the options were granted
Grant Date Fair Value	$4,000,000	Fair value assuming maximum performance achievement
Grant Date Stock Price	$104.15 per share	Exercise or base price per share
Performance Metric	Pro forma EBITDA	Measures overall profitability
Threshold	50% payout	Achieved if threshold performance is met
Target	100% payout	Achieved if target performance is met
Maximum	200% payout	Earned if maximum performance level is met
Vesting Schedule	End of three-year period (2024-2026)	Vesting occurs at the end of the performance period
Valuation Assumptions	Term: 6.49 years, Volatility: 31.98%, Risk-free rate: 4.23%, Dividend yield: 1.55%	Underlying assumptions as per Black-Scholes model

Non-Equity Incentive Plan Compensation

Metric	Value	Details
Target Bonus	$745,500	105% of base salary
Actual Bonus Paid	$1,491,000	200% payout achieved based on performance
Corporate Performance Goals	Revenue, Innovation, Evolution	Revenue (60% weight: Threshold: $460M, Target: $560M), Innovation (30% weight: 800 first patent filings), Evolution (10% weight: strategic human capital initiatives)
Personal Performance Factor	100%	Assessed based on personal achievements
Evaluation Period	Fiscal Year 2024	Performance measured over the year
Payout Structure	Threshold: 50%, Target: 100%, Maximum: 200%	Bonus payout determined by reaching designated performance levels; cash-based, no vesting