Iridium Communications Inc.: director Louis M Alterman received 43.3 shares

What happened

• Louis M Alterman, a director, received 43.3 shares (grant/acquisition, code A) on Sep 30, 2026. The filing reports an acquisition value of $0.00.

Key details

• Transaction date and price: Sep 30, 2026, at $0.00 per share.
• Report filed: Oct 02, 2026 (period of report Sep 30, 2026).
• Shares owned after the transaction: not reported in the filing.
• Footnote F1: on Aug 10, 2026 the board declared a quarterly cash dividend of $0.15 per share payable Sep 30, 2026 to holders of record on Sep 15, 2026. The amount acquired represents dividend-equivalent rights accrued on restricted stock units ("Original RSUs"). Each dividend-equivalent right entitles the holder to receive 1 share upon settlement of the Original RSUs and is subject to the same vesting and settlement terms as the Original RSUs. The grant was approved under Rule 16b-3.
• Filing timeliness: not indicated as late in the filing.

Why it may matter

• This was not a market trade; the filing reports dividend-equivalent rights granted tied to existing restricted stock units.
• This filing does not show why the insider traded or why the company acted.