FITZPATRICK THOMAS 4
4 · Iridium Communications Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Iridium (IRDM) Director Thomas Fitzpatrick Receives 95.4-Share Award
What Happened Thomas Fitzpatrick, a director of Iridium Communications Inc. (IRDM), was credited with 95.4 shares on March 31, 2026. The transaction is recorded as an award/acquisition (code A) at $0.00 per share (total reported value $0) — these are dividend-equivalent rights tied to existing restricted stock units (RSUs), not an open-market purchase.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (timely filing).
- Security: common stock dividend-equivalent rights on Original RSUs.
- Amount acquired: 95.4 shares; reported price: $0.00; total reported cash value: $0.
- Shares owned after transaction: not disclosed in the provided excerpt.
- Footnote: The board declared a $0.15 per-share cash dividend (declared March 5, payable March 31, record date March 16). Each dividend-equivalent right entitles the holder to one share upon settlement of the related RSUs and is subject to the same vesting/settlement terms. Grant approved under Rule 16b-3.
Context These are dividend-equivalent awards that increase potential future share settlement tied to existing RSUs and do not represent a market buy or sell. Because the rights are subject to the original RSU vesting terms, they may not convert to actual shares immediately and do not necessarily indicate a change in the director’s trading intent.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-31+95.4→ 267,490.1 total
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.