Alterman Louis M 4

What Happened
Louis M. Alterman, a director of Iridium Communications Inc., was credited with 74.1 shares on March 31, 2026 as dividend-equivalent rights tied to his restricted stock units (RSUs). The Form 4 reports an acquisition of 74.1 shares at $0.00 per share (reported total value $0). This is an award/dividend-equivalent accrual (compensation-related), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-31 — 74.1 shares acquired at $0.00 per share (reported value $0).
• Shares owned after transaction: Not specified in the filing.
• Footnote: On Mar 5, 2026 the board declared a $0.15 per-share cash dividend payable Mar 31 to holders of record Mar 16. Dividend-equivalent rights were credited on the Original RSUs; each right converts to one share upon settlement and is subject to the same vesting and settlement terms as the Original RSUs. The grant was approved under Rule 16b-3.
• Filing timeliness: Form 4 filed on Apr 2, 2026 — appears to be timely within the standard Form 4 reporting window.

Context
Dividend-equivalent rights are a form of compensation that accrues to holders of restricted stock units and will convert to shares upon the RSUs' settlement/vesting schedule. Such credits are routine corporate actions tied to dividends and do not necessarily indicate the insider is buying or selling based on private information.