Olson Eric T 4

What Happened

• Eric T. Olson, a director of Iridium Communications (IRDM), was credited with 384.8 shares on 2026-06-30 as an award/acquisition (code A). The reported acquisition price is $0.00 — these are dividend-equivalent rights tied to previously granted restricted stock units (RSUs), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely).
• Amount acquired: 384.8 shares; Price per share reported: $0.00 (acquisition of dividend equivalents).
• Shares owned after transaction: Not reported on this Form 4.
• Footnote: On May 20, 2026 the board declared a $0.15 per-share cash dividend payable June 30 to holders of record June 15. The 384.8 shares represent dividend-equivalent rights credited on Olson’s original RSUs; each right converts to one share upon RSU settlement and is subject to the same vesting/settlement terms. Grant approved under Rule 16b-3.

Context

• Dividend-equivalent awards are common: they credit additional RSU-related shares corresponding to cash dividends and do not represent a cash purchase or sale by the insider. They do not, by themselves, signal a change in the director’s buying/selling behavior.