Thomas Fitzpatrick - 01 Mar 2025 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
04 Mar 2025, 18:33:19 UTC
Prior SEC filing
14 Jan 2025
Next SEC filing
02 Apr 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Brian Leaf, Attorney-in-Fact

Key filing fact

Thomas Fitzpatrick filed Form 4 for Iridium Communications Inc. (IRDM) on 04 Mar 2025.

Key facts

  • This page summarizes Thomas Fitzpatrick's Form 4 filing for Iridium Communications Inc. (IRDM).
  • 5 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 04 Mar 2025, 18:33.

Change

  • Previous filing in this sequence was filed on 14 Jan 2025.
  • Current net transaction value: -$254,468.

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.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

IRDM transaction

Common Stock

Tax liability

Transaction value
$12,372
Shares
-392
Change %
-0.14%
Price
$31.56
Shares after
277,708
Date
01 Mar 2025
Ownership
Direct
Footnotes
F1
IRDM transaction

Common Stock

Award

Transaction value
$0
Shares
+16,784
Change %
+6%
Price
$0.000000
Shares after
294,492
Date
01 Mar 2025
Ownership
Direct
Footnotes
F2
IRDM transaction

Common Stock

Tax liability

Transaction value
$113,521
Shares
-3,597
Change %
-1.2%
Price
$31.56
Shares after
290,895
Date
01 Mar 2025
Ownership
Direct
Footnotes
F3
IRDM transaction

Common Stock

Award

Transaction value
$0
Shares
+9,602
Change %
+3.3%
Price
$0.000000
Shares after
300,497
Date
02 Mar 2025
Ownership
Direct
Footnotes
F4
IRDM transaction

Common Stock

Tax liability

Transaction value
$128,575
Shares
-4,074
Change %
-1.4%
Price
$31.56
Shares after
296,423
Date
02 Mar 2025
Ownership
Direct
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote F2

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, 832 shares were previously withheld to pay taxes associated with the reporting person becoming eligible for accelerated vesting upon a qualified retirement under the issuer's "sum of 70" program. Of the remaining 15,952 shares, one-half vested on March 1, 2025 and the remainder will vest on March 1, 2026, subject to the reporting person's continuous service with the issuer as of the vesting date.

Footnote F3

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 (2) herein.

Footnote F4

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, 2025.

Footnote F5

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 (4) herein.

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