Robert H. Niehaus - 05 Jan 2023 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Director
Signature
/s/Brian Leaf, Attorney-in-Fact
Issuer symbol
IRDM
Transactions as of
05 Jan 2023
Net transactions value
+$57,488
Form type
4
Filing time
09 Jan 2023, 15:54:45 UTC
Previous filing
16 Dec 2022
Next filing
25 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Award $0 +3,760 +1.2% $0.000000 315,542 05 Jan 2023 Direct F1, F2, F3
transaction IRDM Common Stock Award $57,488 +1,081 +0.34% $53.18 316,623 05 Jan 2023 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 on January 5, 2024, 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.
F4 The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan in lieu of (i) board chair fees in the amount of $50,000, and (ii) committee member fees in the amount of $7,500.