FITZPATRICK THOMAS 4

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.