McBride Suzanne E. 4
Research Summary
AI-generated summary
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.