Thomas C. Canfield - 06 Jan 2025 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Director
Signature
/s/ Brian F. Leaf, Attorney-in-Fact
Issuer symbol
IRDM
Transactions as of
06 Jan 2025
Net transactions value
+$74,983
Form type
4
Filing time
08 Jan 2025, 16:13:20 UTC
Previous filing
03 Jan 2025
Next filing
02 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Award $0 +6,633 +3.3% $0.000000 210,050 06 Jan 2025 Direct F1, F2, F3
transaction IRDM Common Stock Award $74,983 +2,487 +1.2% $30.15 212,537 06 Jan 2025 Direct F1, F2, F4
holding IRDM Common Stock 36,682 06 Jan 2025 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 6, 2026, 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 are owned by a grantor retained annuity trust ("GRAT"). The reporting person is the trustee and sole annuitant of the GRAT.