Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | IRDM | Common Stock | Award | $3.75K | +96 | +0.08% | $39.06 | 117K | Jul 7, 2021 | Direct | F1, F2, F3, F4 |
Id | Content |
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F1 | This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. |
F2 | The shares underlying this restricted stock unit award vest in full on July 7, 2022, subject to the reporting person's continued service with the issuer. |
F3 | The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan in lieu of committee retainer fees of $3,750, representing a prorated portion of the issuer's standard annual compensation committee member retainer. |
F4 | Amount beneficially owned following the transaction reflects the non-reportable cancellation of 60 restricted stock units previously granted to the reporting person upon his resignation from the issuer's nominating and corporate governance committee. |