Scheimreif Scott 4
4 · Iridium Communications Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Iridium (IRDM) EVP Scott Scheimreif Withholds 2,205 Shares for Taxes
What Happened
- Scott Scheimreif, Executive Vice President — Government Programs at Iridium Communications (IRDM), had 2,205 shares withheld by the company to satisfy tax withholding obligations related to restricted stock unit vesting. The withholding was recorded at $51.78 per share, for a total value of approximately $114,175. This was a tax-withholding/net settlement of RSUs, not an open-market sale or purchase.
Key Details
- Transaction date: 2026-06-01; Filing date: 2026-06-02 (timely).
- Price reported: $51.78 per share.
- Shares withheld/disposed: 2,205 (total value ≈ $114,175).
- Transaction code: F — withholding of shares to satisfy tax obligations.
- Footnote: The shares were withheld by the issuer to cover the reporting person’s tax withholding obligations in connection with non‑reportable vesting and settlement of RSUs.
- Shares owned after the transaction: Not disclosed in the provided filing excerpt.
Context
- This was a routine tax-withholding event (net share settlement) tied to RSU vesting, not a market sale intended to realize gains. Such withholding transactions are common and generally do not signal insider buying or selling intent.
Insider Transaction Report
Form 4
Scheimreif Scott
EVP-Government Programs
Transactions
- Tax Payment
Common Stock
[F1]2026-06-01$51.78/sh−2,205$114,175→ 259,759 total
Footnotes (1)
- [F1]The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.
Signature
/s/ Peter L. Trentman, Attorney-in-Fact|2026-06-02