Scheimreif Scott 4

What Happened

• Scott Scheimreif, EVP—Government Programs at Iridium Communications (IRDM), had 2,397 shares withheld by the company to satisfy tax withholding related to the vesting/settlement of restricted stock units. The withholding was reported as a disposition at $24.01 per share, representing approximately $57,552 in value. This was a tax-related withholding (routine), not an open-market sale or a cash purchase.

Key Details

• Transaction date and price: 2026-03-09 at $24.01 per share.
• Shares withheld/disposed: 2,397 shares; total value ≈ $57,552.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — shares were withheld by the issuer to satisfy the reporting person's tax withholding obligations in connection with non-reportable vesting and settlement of restricted stock units.
• Timeliness: Filing dated 2026-03-11 for a 2026-03-09 transaction (appears to be filed within the typical Form 4 reporting window).

Context

• This transaction is a company withholding of shares to cover tax obligations on RSU vesting (transaction code F). It is a routine administrative disposition and does not necessarily indicate the insider is selling shares on the open market or signaling a view on the company’s stock.