Last Timothy James 4

What Happened Timothy James, Executive Vice President, Sales & Marketing of Iridium Communications (IRDM), was granted a total of 71,439 restricted stock units (RSUs) — 4,634 on 2026-02-26 and 66,805 on 2026-03-01 — at no cash cost. On 2026-03-01, 3,883 shares were withheld by the company at $22.49 per share to satisfy the reporting person's tax withholding obligation, a withholding value of $87,329. The grants are awards (code A); the withholding is reported as code F (tax withholding).

Key Details

• Transaction dates and prices:
  • 2026-02-26: Award of 4,634 RSUs @ $0.00 (acquired).
  • 2026-03-01: Award of 66,805 RSUs @ $0.00 (acquired).
  • 2026-03-01: 3,883 shares withheld @ $22.49 to satisfy tax withholding (disposed) = $87,329.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: 4,634 RSUs reflect RSUs certified as earned under the 2025 bonus plan (each RSU = one share); those shares vest on March 9, 2026, subject to continued service.
  • F2: 66,805 RSUs are time‑based RSUs; 20% vests March 1, 2027, remainder vests quarterly through March 1, 2031, subject to continued service.
  • F3: The 3,883‑share entry represents shares withheld by the issuer to satisfy tax withholding obligations.
• Filing timeliness: Report filed 2026-03-02 covering transactions through 2026-03-01; no late filing is indicated in the form.

Context

• RSUs are contingent rights to receive shares upon vesting (not open‑market purchases) and are common for executive compensation. The March 9, 2026 and multi‑year vesting schedules mean most shares remain subject to future service conditions.
• The withheld shares are a routine tax withholding (similar to a cashless settlement) and do not necessarily indicate the insider's view on the stock.