O'Neill Vincent James 4

What Happened

Vincent James O'Neill, Chief Financial Officer of Iridium Communications (IRDM), had 1,459 shares withheld by the company to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs). The shares were reported as disposed at a per-share value of $51.78, for a total of $75,547, on June 1, 2026. This transaction is a tax-withholding disposition (reported with code F), not an open-market sale intended as a signal of sentiment.

Key Details

• Transaction date: 2026-06-01; reported on Form 4 filed 2026-06-02 (appears timely).
• Action: Withholding of 1,459 shares to cover tax withholding (Disposition, code F).
• Price used for valuation: $51.78 per share; total value reported: $75,547.
• Footnote: F1 — withholding of shares by issuer to satisfy the reporting person's tax withholding obligations in connection with non-reportable vesting and settlement of RSUs.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

This is a routine tax-withholding event following RSU vesting rather than a discretionary sale or purchase. Such withholding transactions are common for executives receiving equity awards and do not necessarily indicate a change in the insider’s view of the company.