FRAZIER LEON ANTHONY 4

4 · Iridium Communications Inc. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Iridium (IRDM) Director Leon Frazier Receives 182.4 Shares

What Happened

Leon Anthony Frazier, a director of Iridium Communications, received 182.4 shares (recorded as an award/acquisition) on March 31, 2026. The filing shows a $0 acquisition price because these are dividend-equivalent rights granted in connection with existing restricted stock units (RSUs), not a cash purchase.

Key Details

Transaction date: 2026-03-31 (Form 4 filed 2026-04-02).
Transaction type/code: Award/Acquisition (A).
Shares acquired: 182.4; reported purchase price/value: $0 (these are dividend equivalents, not an open-market buy).
Shares owned after transaction: Not specified in the information provided in this summary/filing excerpt.
Footnote: The board declared a $0.15 per-share cash dividend on March 5, 2026, payable March 31. Dividend-equivalent rights were granted on the Original RSUs; each right will convert into one share when the related RSUs settle and are subject to the same vesting/settlement terms. Grant approved under Rule 16b-3.
Timeliness: Filing appears timely (reported within the standard Form 4 filing window).

Context

These are dividend-equivalent rights tied to previously granted RSUs, meaning they give the holder the right to receive shares upon RSU settlement and remain subject to the RSUs’ vesting and settlement conditions. This is an administrative/compensation-related credit, not an open-market purchase or sale, and does not by itself indicate a change in the insider’s trading stance.

Form 4

Period: 2026-03-31

Director

Transactions

Footnotes (1)

[F1]On March 5, 2026, the Issuer's board of directors declared a quarterly cash dividend in the amount of $0.15 per share of its common stock, payable on March 31, 2026 to stockholders of record of the common stock at the close of business on March 16, 2026 (the "Dividend"). The amount acquired in column 4 represents equivalent rights accrued as a result of the Dividend on restricted stock units with respect to the Issuer's common stock ("Original RSUs") held by the reporting person. Each dividend equivalent right entitles the reporting person to receive one share of the Issuer's common stock upon the settlement of the Original RSUs and is subject to the same terms and conditions, including vesting and settlement, as the Original RSUs to which it relates. The grant of dividend equivalent rights was approved by the Issuer's board of directors pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended.

Signature

/s/ Peter L. Trentman, Attorney-in-Fact|2026-04-02

1 file