Canfield Thomas C 4

What Happened Thomas C. Canfield, a director of Iridium Communications Inc., was credited with 639 shares on June 30, 2026 as an award (code A) at $0.00 per share. The filing shows this acquisition reflects dividend‑equivalent rights tied to restricted stock units (RSUs) rather than an open‑market purchase or sale. The board approved the grant under Rule 16b‑3.

Key Details

• Transaction date and terms: 2026-06-30 — 639 shares @ $0.00 (award of dividend‑equivalent rights).
• Dividend context: the board declared a $0.15 per‑share cash dividend on May 20, 2026 (payable June 30 to holders of record June 15); these are dividend equivalents on existing RSUs.
• Ownership vehicle: the shares are held in a grantor retained annuity trust (GRAT); Canfield is trustee and sole annuitant.
• Shares owned after transaction: not reported on the Form 4.
• Filing timeliness: Form filed 2026-07-02 — appears timely (reported shortly after the 6/30 transaction).

Context These were dividend‑equivalent rights that will convert to shares upon settlement of the underlying RSUs and are subject to the same vesting and settlement terms as the Original RSUs. This is a routine award tied to dividend accruals and the board’s approval process, not an outright purchase or sale that signals a change in trading stance.