Iridium Communications: director Robert H Niehaus received 55.7 shares

What happened

• Robert H Niehaus, a director, received 55.7 shares on Sep 30, 2026, reported as an award/acquisition (code A) at $0.00 per share for a total reported value of $0. The filing states these shares represent dividend equivalent rights tied to restricted stock units.

Key details

• Transaction date and price: Sep 30, 2026 — award/acquisition of 55.7 shares @ $0.00.
• Shares owned after the transaction: not stated in the filing.
• Footnote: the board declared a $0.15 per share quarterly cash dividend on Aug 10, 2026, payable Sep 30, 2026 to holders of record Sep 15, 2026. The amount reported represents dividend equivalent rights accrued on existing restricted stock units; each right entitles the holder to one share upon settlement of the related restricted stock units and is subject to the same terms and vesting. The grant was approved by the board under Rule 16b-3.
• Filing date: Oct 2, 2026. (No late filing indicator was provided in the report.)

Why it may matter

• This was a grant of dividend equivalent rights on restricted stock units, not a market purchase or sale.
• Reporting role: director (not identified as a 10% owner or as an option exercise).
• A filing does not show why the insider traded or why the company acted.