Olson Eric T 4

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.