DESCH MATTHEW J 4
4 · Iridium Communications Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Iridium (IRDM) CEO Matthew Desch Receives RSU Awards
What Happened
Matthew J. Desch, CEO of Iridium Communications (IRDM), was credited with a total of 407,564 restricted stock units (RSUs)/performance RSUs across reports on Feb 26 and Mar 1, 2026 (acquired at $0.00). Separately, 53,301 shares were reported as disposed on Mar 1, 2026 through withholding to satisfy tax obligations at $22.49 per share, resulting in proceeds of $1,198,739 (withheld by the issuer).
Key Details
- Transaction dates and amounts:
- 2026-02-26: 19,396 RSUs (grant/certification) @ $0.00
- 2026-02-26: 95,893 RSUs (grant/certification) @ $0.00
- 2026-03-01: 292,275 RSUs (grant/certification) @ $0.00
- 2026-03-01: 53,301 shares withheld/disposed for tax @ $22.49 = $1,198,739
- Shares owned after transaction: not specified in this Form 4 filing.
- Footnotes / vesting highlights:
- F1: Certain RSUs certified as earned under the 2025 bonus plan (vest on Mar 9, 2026 subject to continued service).
- F2: PSUs from Mar 1, 2024 — half settled on Mar 1, 2026; remaining half will vest/settle on Mar 1, 2027.
- F3: Long-term RSU award with 20% vesting on Mar 1, 2027 and remaining vesting quarterly through Mar 1, 2031.
- F4: The 53,301-share disposal represents issuer withholding to satisfy the reporting person's tax withholding obligations (routine).
- Filing timeliness: Form 4 filed Mar 2, 2026; no late filing indicated in the report.
Context
- These transactions are primarily awards/certifications of RSUs and PSUs (not open-market purchases or option exercises). RSUs/PSUs represent a contingent right to receive shares if vesting conditions are met.
- The 53,301-share disposal is a tax-withholding action by the company—not an open-market sale initiated by the insider to raise cash—and is commonly used to cover tax obligations when awards vest/settle.
- For retail investors: awards increase potential future share dilution when they vest and convert to common shares; tax-withholding disposals are routine and do not necessarily indicate a view on the company’s stock.
Insider Transaction Report
Form 4
DESCH MATTHEW J
DirectorChief Executive Officer
Transactions
- Award
Common Stock
[F1]2026-02-26+19,396→ 1,134,480 total - Award
Common Stock
[F2]2026-02-26+95,893→ 1,230,373 total - Award
Common Stock
[F3]2026-03-01+292,275→ 1,522,648 total - Tax Payment
Common Stock
[F4]2026-03-01$22.49/sh−53,301$1,198,739→ 1,469,347 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.
Signature
/s/ Peter L. Trentman, Attorney-in-Fact|2026-03-02