Iridium (IRDM) EVP Scott Scheimreif Withholds 2,207 Shares for Taxes

What Happened
Scott Scheimreif, EVP—Government Programs at Iridium Communications (IRDM), had 2,207 shares withheld by the company on Sept. 1, 2026 to satisfy tax withholding obligations. The shares were valued at $46.98 each, totaling approximately $103,685. This was a withholding to cover taxes on the vesting/settlement of restricted stock units (RSUs), not an open‑market sale.

Key Details

• Transaction date and price: 2026-09-01, 2,207 shares at $46.98 each (total ~$103,685).
• Transaction type/code: F — shares withheld to satisfy tax obligations (disposition reported).
• Footnote: F1 — withholding by issuer to satisfy tax withholding obligations in connection with non‑reportable vesting and settlement of restricted stock units.
• Shares owned after transaction: not specified in this filing.
• Filing timeliness: Report filed 2026-09-02 for a 2026-09-01 transaction (filed promptly).

Context
Tax withholding on RSU vesting is a routine administrative transaction and should not be read as a market buy or sell signal. It represents shares retained by the company to cover tax liabilities arising from equity compensation rather than a discretionary sale by the insider.