Olson Eric T 4
4 · Iridium Communications Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Iridium (IRDM) Director Eric T. Olson Receives 756.7-Share Award
What Happened
Eric T. Olson, a director of Iridium Communications (IRDM), was granted 756.7 shares at $0.00 on March 31, 2026 (transaction code A — award/grant). The filing reports $0 cash value because these are dividend-equivalent rights tied to previously granted restricted stock units (RSUs), not a purchase or sale.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-02.
- Amount: 756.7 shares acquired; price per share reported $0.00; total cash consideration $0.
- Transaction code: A (award/grant).
- Shares owned after the transaction: not specified in the Form 4 provided.
- Footnote: The board declared a $0.15 per-share cash dividend on Mar 5, 2026 payable Mar 31, 2026; dividend-equivalent rights were granted on the Original RSUs and will convert to one share per right upon settlement, subject to the same vesting/settlement terms. Grant approved under Rule 16b-3.
- No indication of tax-withholding sale, open-market purchase, or 10b5-1 plan in this filing.
Context
Dividend-equivalent rights are common: they accrue additional RSU-linked share rights when a cash dividend is declared and will convert to shares only when the underlying RSUs settle and vest. This award is an administrative action tied to a dividend and does not represent a purchase (which is often viewed as a stronger bullish signal) or a sale.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-31+756.7→ 157,295.3 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.