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    Liren Chen

    President and Chief Executive Officer (CEO) at InterDigital Inc
    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 Inc

    JDS
    Joshua D. Schmidt
    Chief Legal Officer and Corporate Secretary
    RP
    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

    OrganizationRoleDate RangeDetails
    Qualcomm Inc.Senior Vice President, Global Head of IPN/AHeld position before joining IDCC

    Fixed Compensation

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

    Performance Compensation

    Data from  FY 2024

    Option Awards

    MetricValueDetails
    Grant DateMarch 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 MetricPro forma EBITDA Measures overall profitability
    Threshold50% payout Achieved if threshold performance is met
    Target100% payout Achieved if target performance is met
    Maximum200% payout Earned if maximum performance level is met
    Vesting ScheduleEnd of three-year period (2024-2026) Vesting occurs at the end of the performance period
    Valuation AssumptionsTerm: 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

    MetricValueDetails
    Target Bonus$745,500 105% of base salary
    Actual Bonus Paid$1,491,000 200% payout achieved based on performance
    Corporate Performance GoalsRevenue, 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 Factor100% Assessed based on personal achievements
    Evaluation PeriodFiscal Year 2024Performance measured over the year
    Payout StructureThreshold: 50%, Target: 100%, Maximum: 200% Bonus payout determined by reaching designated performance levels; cash-based, no vesting