Thomas C. Canfield - 04 Jan 2024 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Director
Signature
/s/Brian Leaf, Attorney-in-Fact
Issuer symbol
IRDM
Transactions as of
04 Jan 2024
Net transactions value
+$74,972
Form type
4
Filing time
08 Jan 2024, 17:20:40 UTC
Previous filing
03 Jan 2024
Next filing
01 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Award $0 +5,036 +2.6% $0.000000 197,580 04 Jan 2024 Direct F1, F2, F3
transaction IRDM Common Stock Award $74,972 +1,888 +0.96% $39.71 199,468 04 Jan 2024 Direct F1, F2, F4
holding IRDM Common Stock 36,682 04 Jan 2024 By Thomas C. Canfield 2017 GRAT F5
* 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 4, 2025, 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) annual cash board member retainer fees of $50,000, and (ii) committee member fees of $25,000.
F5 These shares were previously owned directly by the reporting person and were contributed to a grantor retained annuity trust ("GRAT"). The reporting person is the trustee and sole annuitant of the GRAT.