McBride Suzanne E. 4
4 · Iridium Communications Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Iridium (IRDM) COO Suzanne McBride Receives Awards; Shares Withheld
What Happened Suzanne E. McBride, Chief Operations Officer and a director at Iridium Communications (IRDM), received a mix of restricted stock units (RSUs) and performance stock units (PSUs) in late Feb/early Mar 2026 and had 20,479 shares withheld by the issuer to satisfy tax withholding. Awards recorded: 7,329 shares (02/26), 34,247 shares (02/26), and 133,611 shares (03/01) — all shown at $0 since these are equity awards rather than purchases. The issuer withheld 20,479 shares on 03/01 at a reported value of $22.49/share, totaling $460,573, to cover tax obligations.
Key Details
- Transaction dates: Feb 26, 2026 (two awards); Mar 1, 2026 (award + tax withholding). Filing date: Mar 2, 2026 — appears timely.
- Prices/values: Awards shown at $0 (RSUs/PSUs). Withholding: 20,479 shares at $22.49 = $460,573.
- Total awards reported: 175,187 shares (sum of 7,329 + 34,247 + 133,611).
- Shares owned after transaction: not specified in the provided data.
- Footnotes of note:
- F1: RSUs from the 2025 bonus plan will vest on Mar 9, 2026, subject to continued service.
- F2: PSUs granted Mar 1, 2024 — half settled Mar 1, 2026, remaining settle Mar 1, 2027.
- F3: Long-term RSU award vests 20% on Mar 1, 2027 with remaining shares vesting quarterly through Mar 1, 2031.
- F4: The 20,479-share disposition represents issuer withholding to satisfy tax withholding obligations (not an open-market sale).
Context These transactions are award grants (A) and a tax-withholding disposition (F). RSUs and PSUs are contingent equity awards that convert to shares on vesting or settlement; they are not open-market purchases and do not directly signal a buy decision. The withholding of shares to cover taxes is routine after awards vest/settle and is distinct from a sale by the insider on the open market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-26+7,329→ 226,781 total - Award
Common Stock
[F2]2026-02-26+34,247→ 261,028 total - Award
Common Stock
[F3]2026-03-01+133,611→ 394,639 total - Tax Payment
Common Stock
[F4]2026-03-01$22.49/sh−20,479$460,573→ 374,160 total
Footnotes (4)
- [F1]Reflects the number of restricted stock units ("RSUs") certified as earned with respect to an award under the issuer's 2025 bonus plan granted on March 1, 2025. Each RSU represents a contingent right to receive one share of common stock of the issuer. The shares will vest on March 9, 2026, subject to the reporting person's continuous service with the issuer as of the vesting date.
- [F2]Reflects the number of shares certified as earned with respect to an award of performance-based RSUs ("PSUs") granted on March 1, 2024. One half of the PSUs settled on March 1, 2026 and the remaining PSUs will vest and be settled on March 1, 2027.
- [F3]These shares are represented by RSUs. Each RSU represents a contingent right to receive one share of common stock of the issuer. Of the shares underlying this RSU award, 20% shall vest on March 1, 2027 and the remainder shall vest in equal quarterly installments thereafter on each June 1, September 1, December 1 and March 1, so that all shares of common stock shall be vested as of March 1, 2031, subject to the reporting person's continuous service with the issuer as of each such vesting date.
- [F4]The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations.