NIEHAUS ROBERT H 4

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.