Kapalka Timothy 4
4 · Iridium Communications Inc. · Filed Jun 4, 2024
Insider Transaction Report
Form 4
Kapalka Timothy
CAO Iridium Satellite LLC
Transactions
- Award
Common Stock
2024-06-01+6,642→ 31,596 total - Tax Payment
Common Stock
2024-06-01$30.11/sh−386$11,622→ 24,954 total
Footnotes (2)
- [F1]The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.
- [F2]These shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. Of the shares underlying this restricted stock unit award, 34% shall vest on June 1, 2025 and the remainder shall vest in equal quarterly installments thereafter on each September 1, December 1, March 1 and June 1, so that all shares of common stock shall be vested as of June 1, 2027, subject to the reporting person's continuous service with the issuer as of each such vesting date.