NIEHAUS ROBERT H 4
4 · Iridium Communications Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Iridium (IRDM) Director Robert H. Niehaus Receives Award
What Happened Robert H. Niehaus, a director of Iridium Communications, was credited with 377.7 shares on June 30, 2026 as an award/acquisition (code A) at an acquisition price of $0.00. The entry represents dividend-equivalent rights granted on restricted stock units (RSUs) rather than an open-market purchase or sale; these rights will convert into shares upon settlement and are subject to the same vesting and settlement terms as the underlying RSUs.
Key Details
- Transaction date: 2026-06-30 (reported on Form 4 filed 2026-07-02).
- Transaction type/code: Award/other acquisition (A).
- Amount: 377.7 dividend-equivalent RSU shares; acquisition price reported as $0.00 (column 4).
- Reported value: $0 in the filing for the award entry (these are rights, not cash proceeds).
- Shares owned after transaction: Not disclosed in the supplied filing.
- Footnote: On May 20, 2026 the board declared a $0.15 per-share quarterly cash dividend payable June 30; the dividend generated dividend-equivalent rights on the reporting person's RSUs (each right entitles the holder to receive one share upon settlement). Grant was approved under Rule 16b-3.
- Timeliness: Form 4 filed July 2, 2026; no late filing indicated in the provided data.
Context This is a routine dividend-equivalent accrual on existing RSUs, not a market purchase or sale. Such awards reflect dividend credits tied to equity compensation and do not by themselves indicate buying or selling sentiment. For retail investors, purchase transactions (open-market buys) generally carry more direct informational weight than dividend-equivalent grants.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-30+377.7→ 316,910.2 total
Footnotes (1)
- [F1]On May 20, 2026, the Issuer's board of directors declared a quarterly cash dividend in the amount of $0.15 per share of its common stock, payable on June 30, 2026 to stockholders of record of the common stock at the close of business on June 15, 2026 (the "Dividend"). The amount acquired in column 4 represents equivalent rights accrued as a result of the Dividend on restricted stock units with respect to the Issuer's common stock ("Original RSUs") held by the reporting person. Each dividend equivalent right entitles the reporting person to receive one share of the Issuer's common stock upon the settlement of the Original RSUs and is subject to the same terms and conditions, including vesting and settlement, as the Original RSUs to which it relates. The grant of dividend equivalent rights was approved by the Issuer's board of directors pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended.