4//SEC Filing
DESCH MATTHEW J 4
Accession 0001415889-25-006691
CIK 0001418819other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 6:32 PM ET
Size
16.9 KB
Accession
0001415889-25-006691
Insider Transaction Report
Form 4
DESCH MATTHEW J
DirectorChief Executive Officer
Transactions
- Tax Payment
Common Stock
2025-03-01$31.56/sh−18,452$582,345→ 982,695 total - Tax Payment
Common Stock
2025-03-01$31.56/sh−19,714$622,174→ 962,981 total - Award
Common Stock
2025-03-01+46,996→ 1,009,977 total - Tax Payment
Common Stock
2025-03-01$31.56/sh−10,071$317,841→ 999,906 total - Award
Common Stock
2025-03-02+20,004→ 1,130,809 total - Award
Common Stock
2025-03-01+110,899→ 1,110,805 total - Tax Payment
Common Stock
2025-03-02$31.56/sh−9,021$284,703→ 1,121,788 total
Footnotes (7)
- [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]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 a restricted stock unit award that previously vested with respect to one-half of the shares underlying the award on March 1, 2024. The amount being reported herein represents amounts withheld to satisfy tax withholding obligations in connection with the vesting and settlement of the remaining one-half on March 1, 2025.
- [F3]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, 2,331 shares were previously withheld to pay taxes associated with the reporting person becoming eligible for accelerated vesting upon a qualified retirement under the issuer's "sum of 70" program. Of the remaining 44,665 shares, one-half vested on March 1, 2025 and the remainder will vest on March 1, 2026, subject to the reporting person's continuous service with the issuer as of the vesting date.
- [F4]The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in footnote (3) herein.
- [F5]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 March 1, 2026 and the remainder shall vest in equal quarterly installments thereafter on each June 1, September 1, December 1 and March 1, so that all shares of common stock shall be vested as of March 1, 2028, subject to the reporting person's continuous service with the issuer as of each such vesting date.
- [F6]Represents the vested portion of a performance-based restricted stock unit award based on the issuer's satisfaction of certain performance criteria. In light of the performance-based vesting conditions of the award, such award was not reportable under Section 16 until vesting was determined, which occurred on March 2, 2025.
- [F7]The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in footnote (6) herein.
Documents
Issuer
Iridium Communications Inc.
CIK 0001418819
Entity typeother
Related Parties
1- filerCIK 0001178032
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 6:32 PM ET
- Size
- 16.9 KB