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Iridium (IRDM) director granted 377.7 dividend-equivalent shares from cash dividend

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Iridium Communications director Robert H. Niehaus reported an automatic share acquisition tied to a dividend on existing awards. He received 377.7 shares of common stock at no cost as dividend equivalent rights on his restricted stock units, reflecting the company’s declared quarterly cash dividend of $0.15 per share. These dividend equivalent rights will settle into common stock under the same vesting and settlement terms as the original restricted stock units. After this grant, Niehaus directly holds 316,910.2 shares of Iridium common stock.

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Negative

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Insider NIEHAUS ROBERT H
Role null
Type Security Shares Price Value
Grant/Award Common Stock 377.7 $0.00 --
Holdings After Transaction: Common Stock — 316,910.2 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares acquired 377.7 shares Dividend equivalent rights on RSUs, transaction date June 30, 2026
Post-transaction holdings 316,910.2 shares Common stock directly held by Robert H. Niehaus after acquisition
Quarterly cash dividend $0.15 per share Declared by Iridium’s board on May 20, 2026
Dividend payment date June 30, 2026 Payable date for $0.15 per share dividend
Dividend record date June 15, 2026 Stockholders of record date for the $0.15 dividend
restricted stock units financial
"The amount acquired in column 4 represents equivalent rights accrued as a result of the Dividend on restricted stock units with respect to the Issuer's common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent right financial
"Each dividend equivalent right entitles the reporting person to receive one share of the Issuer's common stock upon the settlement of the Original RSUs"
quarterly cash dividend financial
"the Issuer's board of directors declared a quarterly cash dividend in the amount of $0.15 per share of its common stock"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
Rule 16b-3 regulatory
"The grant of dividend equivalent rights was approved by the Issuer's board of directors pursuant to Rule 16b-3 of the Securities Exchange Act of 1934"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
NIEHAUS ROBERT H
(Last)(First)(Middle)
C/O IRIDIUM COMMUNICATIONS INC.
1676 INTERNATIONAL DRIVE, SUITE 1100
(Street)
MCLEAN VIRGINIA 22102
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Iridium Communications Inc. [ IRDM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock(1)06/30/2026A377.7A$0316,910.2D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. On May 20, 2026, the Issuer's board of directors declared a quarterly cash dividend in the amount of $0.15 per share of its common stock, payable on June 30, 2026 to stockholders of record of the common stock at the close of business on June 15, 2026 (the "Dividend"). The amount acquired in column 4 represents equivalent rights accrued as a result of the Dividend on restricted stock units with respect to the Issuer's common stock ("Original RSUs") held by the reporting person. Each dividend equivalent right entitles the reporting person to receive one share of the Issuer's common stock upon the settlement of the Original RSUs and is subject to the same terms and conditions, including vesting and settlement, as the Original RSUs to which it relates. The grant of dividend equivalent rights was approved by the Issuer's board of directors pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended.
/s/ Peter L. Trentman, Attorney-in-Fact07/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Iridium Communications (IRDM) report for Robert H. Niehaus?

Iridium Communications director Robert H. Niehaus acquired 377.7 shares of common stock at no cost. The shares represent dividend equivalent rights credited on his restricted stock units following a declared quarterly cash dividend of $0.15 per share.

Why did Robert H. Niehaus receive 377.7 Iridium (IRDM) shares on June 30, 2026?

He received 377.7 shares as dividend equivalent rights linked to his restricted stock units. This occurred because Iridium’s board declared a $0.15 per share quarterly cash dividend, and those RSUs earned equivalent rights that will settle into common stock.

What is a dividend equivalent right in the Iridium (IRDM) Form 4 filing?

A dividend equivalent right gives the holder one share of Iridium common stock when the related restricted stock unit settles. These rights mirror the original RSUs’ vesting and settlement terms and arise when cash dividends are paid on the underlying common shares.

How many Iridium (IRDM) shares does Robert H. Niehaus hold after the reported transaction?

After the reported transaction, Robert H. Niehaus directly holds 316,910.2 shares of Iridium common stock. This total includes the 377.7 shares acquired as dividend equivalent rights credited on his existing restricted stock unit awards.

What dividend did Iridium Communications (IRDM) declare that triggered the dividend equivalent rights?

Iridium’s board declared a quarterly cash dividend of $0.15 per share of common stock on May 20, 2026. It is payable on June 30, 2026 to stockholders of record as of June 15, 2026, and generated dividend equivalent rights on outstanding restricted stock units.