Quick Takeaways
- This page summarizes Suzanne E. McBride's Form 4 filing for Iridium Communications Inc. (IRDM).
- 5 reported transactions and 0 derivative rows are listed below.
- Filing timestamp: 03 Mar 2022, 16:19.
Suzanne E. McBride - 01 Mar 2022 Form 4 Insider Report for Iridium Communications Inc. (IRDM)
- Signature
- /s/ Brian Leaf, Attorney-in-Fact
- Issuer symbol
- IRDM
- Transactions as of
- 01 Mar 2022
- Net transactions value
- -$394,228
- Form type
- 4
- Filing time
- 03 Mar 2022, 16:19:09 UTC
- Previous filing
- 11 Feb 2022
- Next filing
- 07 Mar 2022
- SEC
- View on sec.gov
Quoteable Key Fact
"Suzanne E. McBride filed Form 4 for Iridium Communications Inc. (IRDM) on 03 Mar 2022."
What Changed
- Previous filing in this sequence was filed on 11 Feb 2022.
- Current net transaction value: -$394,228.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Source Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IRDM | Common Stock | Tax liability | $132,449 | -3,397 | -4.8% | $38.99 | 68,014 | 01 Mar 2022 | Direct | F1 |
| transaction | IRDM | Common Stock | Tax liability | $116,151 | -2,979 | -4.4% | $38.99 | 65,035 | 01 Mar 2022 | Direct | F2 |
| transaction | IRDM | Common Stock | Award | $0 | +16,807 | +26% | $0.000000 | 81,842 | 01 Mar 2022 | Direct | F3 |
| transaction | IRDM | Common Stock | Tax liability | $145,628 | -3,735 | -4.6% | $38.99 | 78,107 | 01 Mar 2022 | Direct | F4 |
| transaction | IRDM | Common Stock | Award | $0 | +32,059 | +41% | $0.000000 | 110,166 | 01 Mar 2022 | Direct | F5 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| 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, 2021. 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, 2022. |
| 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, one-half vested on March 1, 2022 and the remainder will vest on March 1, 2023, 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, 25% shall vest on March 1, 2023 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, 2026, subject to the reporting person's continuous service with the issuer as of each such vesting date. |