YEANEY JACQUELINE E 4
4 · Iridium Communications Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Iridium (IRDM) Director Jacqueline Yeaney Receives 29.8 Dividend Shares
What Happened
Jacqueline Yeaney, a director of Iridium Communications (IRDM), was credited with 29.8 dividend-equivalent shares on 2026-06-30. The filing records the acquisition as 29.8 shares at $0.00 per share (total value $0). This was an award of dividend equivalents tied to existing restricted stock units (RSUs), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-30; Filing date: 2026-07-02 (appears timely).
- Transaction type/code: Award/Acquisition (A).
- Shares acquired: 29.8; Price per share: $0.00; Total recorded value: $0.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: These are dividend-equivalent rights granted in connection with the issuer’s $0.15 per-share cash dividend declared May 20, 2026. Each dividend-equivalent right entitles the holder to one share upon settlement of the original RSUs and is subject to the same vesting/settlement terms as the RSUs. Grant approved under Rule 16b-3.
- No indication of a late filing in this report.
Context
Dividend-equivalent awards are adjustments tied to RSUs that reflect cash dividends but do not involve buying or selling stock. These credits will convert to shares only upon settlement of the underlying RSUs and remain subject to the RSUs’ vesting terms, so they do not represent an independent insider purchase or sale.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-30+29.8→ 25,339.6 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.