Morgan Kathleen A. 4
4 · Iridium Communications Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Iridium (IRDM) CLO Kathleen Morgan Withholds 2,191 Shares for Taxes
What Happened
Kathleen Morgan, Chief Legal Officer of Iridium Communications (IRDM), had 2,191 shares withheld by the company on March 9, 2026 to satisfy tax withholding obligations tied to the vesting/settlement of restricted stock units. The shares were valued at $24.01 each, for a total of $52,606. This was a routine tax-withholding disposition rather than an open-market sale.
Key Details
- Transaction date: 2026-03-09
- Price per share: $24.01; total value of shares withheld: $52,606
- Transaction code: F (tax withholding/cashless settlement)
- Footnote: Issuer withheld shares to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of RSUs (F1).
- Shares owned after transaction: not specified in the filing.
- Filing date: Form 4 filed 2026-03-11 for the March 9 transaction — appears timely.
Context
This was a company withholding shares to cover tax on vested RSUs (a common, administrative action), not a discretionary sale in the market. Such withholding is routine and generally does not by itself indicate the insider's view of the company’s stock.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-09$24.01/sh−2,191$52,606→ 160,115 total
Footnotes (1)
- [F1]The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.