Suzanne E. McBride - 01 Mar 2023 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role: Chief Operations Officer, Director
Signature: /s/Brian Leaf, Attorney-in-Fact
Issuer symbol: IRDM
Transactions as of: 01 Mar 2023
Net transactions value: -$1,263,318
Form type: 4
Filing time: 03 Mar 2023, 15:16:00 UTC
Previous filing: 13 Feb 2023
Next filing: 06 Mar 2023
SEC: View on sec.gov

Quoteable Key Fact

"Suzanne E. McBride filed Form 4 for Iridium Communications Inc. (IRDM) on 03 Mar 2023."

Quick Takeaways

This page summarizes Suzanne E. McBride's Form 4 filing for Iridium Communications Inc. (IRDM).
7 reported transactions and 0 derivative rows are listed below.
Filing timestamp: 03 Mar 2023, 15:16.

What Changed

Previous filing in this sequence was filed on 13 Feb 2023.
Current net transaction value: -$1,263,318.

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

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

IRDM transaction

Common Stock

Tax liability

Transaction value: $321,500
Shares: -5,220
Change %: -4.9%
Price: $61.59
Shares after: 102,017
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F1

IRDM transaction

Common Stock

Tax liability

Transaction value: $230,039
Shares: -3,735
Change %: -3.7%
Price: $61.59
Shares after: 98,282
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F2

IRDM transaction

Common Stock

Award

Transaction value: $0
Shares: +31,317
Change %: +32%
Price: $0.000000
Shares after: 129,599
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F3

IRDM transaction

Common Stock

Tax liability

Transaction value: $428,605
Shares: -6,959
Change %: -5.4%
Price: $61.59
Shares after: 122,640
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F4

IRDM transaction

Common Stock

Award

Transaction value: $0
Shares: +20,295
Change %: +17%
Price: $0.000000
Shares after: 142,935
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F5

IRDM transaction

Common Stock

Gift

Transaction value: $0
Shares: -3,175
Change %: -2.2%
Price: $0.000000
Shares after: 139,760
Date: 01 Mar 2023
Ownership: Direct

IRDM transaction

Common Stock

Sale

Transaction value: $283,175
Shares: -4,669
Change %: -3.3%
Price: $60.65
Shares after: 135,091
Date: 02 Mar 2023
Ownership: Direct
Footnotes: F6

* 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, 2022. 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, 2023.
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, 2023 and the remainder will vest on March 1, 2024, 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, 2024 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, 2027, subject to the reporting person's continuous service with the issuer as of each such vesting date.
F6	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.39 to $60.93, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this form Form 4.