Suzanne E. McBride - 01 Mar 2024 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 2024
Net transactions value: -$693,223
Form type: 4
Filing time: 05 Mar 2024, 16:43:51 UTC
Previous filing: 12 Feb 2024
Next filing: 10 May 2024
SEC: View on sec.gov

Key filing fact

Suzanne E. McBride filed Form 4 for Iridium Communications Inc. (IRDM) on 05 Mar 2024.

Key facts

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: 05 Mar 2024, 16:43.

Change

Previous filing in this sequence was filed on 12 Feb 2024.
Current net transaction value: -$693,223.

Research use

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.

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: $131,853
Shares: -4,438
Change %: -3.7%
Price: $29.71
Shares after: 116,737
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F1

IRDM transaction

Common Stock

Tax liability

Transaction value: $206,782
Shares: -6,960
Change %: -6%
Price: $29.71
Shares after: 109,777
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F2

IRDM transaction

Common Stock

Award

Transaction value: $0
Shares: +48,088
Change %: +44%
Price: $0.000000
Shares after: 157,865
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F3

IRDM transaction

Common Stock

Tax liability

Transaction value: $311,272
Shares: -10,477
Change %: -6.6%
Price: $29.71
Shares after: 147,388
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F4

IRDM transaction

Common Stock

Award

Transaction value: $0
Shares: +42,073
Change %: +29%
Price: $0.000000
Shares after: 189,461
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F5

IRDM transaction

Common Stock

Award

Transaction value: $0
Shares: +3,281
Change %: +1.7%
Price: $0.000000
Shares after: 192,742
Date: 02 Mar 2024
Ownership: Direct
Footnotes: F6

IRDM transaction

Common Stock

Tax liability

Transaction value: $43,317
Shares: -1,458
Change %: -0.76%
Price: $29.71
Shares after: 191,284
Date: 02 Mar 2024
Ownership: Direct
Footnotes: F7

* 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, 2023. 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, 2024.
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, 2024 and the remainder will vest on March 1, 2025, 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, 34% shall vest on March 1, 2025 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	Represents the vested portion of a performance-based restricted stock unit award based on the issuer's satisfaction of certain performance criteria. In light of the performance-based vesting conditions of the award, such award was not reportable under Section 16 until vesting was determined, which occurred on March 2, 2024.
F7	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 (6) herein.