Iridium Communications Inc.·4

Mar 11, 5:10 PM ET

McBride Suzanne E. 4

4 · Iridium Communications Inc. · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Iridium (IRDM) COO Suzanne McBride Sells 3,067 Shares

What Happened

  • Suzanne E. McBride, Chief Operations Officer and Director of Iridium Communications, had 3,067 shares withheld by the issuer to satisfy tax withholding obligations tied to the vesting/settlement of restricted stock units. The shares were recorded at $24.01 each, for a total value of $73,639. This was a tax-withholding disposition (not an open-market sale).

Key Details

  • Transaction date: 2026-03-09
  • Filing date: 2026-03-11 (filed two days after the transaction; appears timely under Form 4 rules)
  • Shares withheld/disposed: 3,067 at $24.01 per share — total $73,639
  • Transaction code: F (shares withheld to satisfy tax withholding on RSU vesting) — see footnote F1
  • Shares owned after transaction: Not stated on this Form 4
  • Nature: Withholding for taxes on RSU settlement, not a voluntary sale

Context

  • This transaction reflects routine tax withholding when RSUs vest; it does not necessarily signal the insider’s view of the stock. For retail investors, purchases or open-market sales are generally more informative about insider sentiment than tax-withholding dispositions.

Insider Transaction Report

Form 4
Period: 2026-03-09
McBride Suzanne E.
DirectorChief Operations Officer
Transactions
  • Tax Payment

    Common Stock

    [F1]
    2026-03-09$24.01/sh3,067$73,639371,093 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.
Signature
/s/ Peter L. Trentman, Attorney-in-Fact|2026-03-11

Documents

1 file
  • 4
    form4.xmlPrimary

    STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES