Alterman Louis M 4

What Happened
Louis M. Alterman, a director of Iridium Communications, was granted 37.7 shares (recorded at $0.00) on June 30, 2026. These were not an open-market purchase or sale but dividend-equivalent rights credited in connection with restricted stock units (RSUs); the filing shows an acquisition type "A" (award/grant) and a reported dollar value of $0.00.

Key Details

• Transaction date: 2026-06-30; filing date: 2026-07-02 (timely Form 4 filing).
• Amount acquired: 37.7 shares at $0.00 per share (total reported value $0).
• The dividend declared by the board was $0.15 per share, payable June 30, 2026 to holders of record on June 15, 2026.
• These are dividend-equivalent rights that will convert to shares upon settlement of the underlying RSUs and are subject to the same vesting/settlement terms.
• Grant was approved by the board under Rule 16b-3.
• The filing does not state the reporting person's total shares owned after this accrual.

Context
This transaction records dividend equivalents credited to existing RSUs rather than an outright purchase or sale. Such credits are routine corporate actions tied to dividends on common stock and do not immediately increase tradable share ownership until the related RSUs vest and settle. They are informational and do not, by themselves, necessarily indicate a change in the insider’s market view.