Canfield Thomas C 4

What Happened

• Thomas C. Canfield, a director of Iridium Communications, was granted 1,257.4 shares (transaction code A — award/grant) on March 31, 2026. The shares were reported at $0.00 per share (total reported value $0) because they represent dividend-equivalent rights tied to existing restricted stock units (RSUs), not a cash purchase.

Key Details

• Transaction date: 2026-03-31; Price: $0.00; Shares: 1,257.4 (dividend-equivalent rights).
• Filing date: 2026-04-02 — filed within the standard two-business-day Form 4 window (timely).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: (F1) These are dividend-equivalent rights from the issuer’s $0.15/share quarterly dividend (declared Mar 5, 2026) and will convert to shares upon settlement of the original RSUs, subject to the same vesting/terms; grant approved under Rule 16b-3. (F2) The reported shares are held by a grantor retained annuity trust (GRAT) for which the reporting person is trustee and sole annuitant.

Context

• This was not a market purchase or sale but an accrual of dividend-equivalent rights tied to existing RSUs. Such dividend-equivalent grants are routine corporate actions and do not, by themselves, indicate a change in the insider’s bullish or bearish view.