Iridium director awarded 377 dividend-equivalent shares
Iridium Communications director Robert H. Niehaus reported an automatic share acquisition tied to a dividend on existing awards.
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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Insider Trade Summary
Grant/Award: 377.7 shares
Grant/Award
1 txn
Insider
NIEHAUS ROBERT H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 377.7 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 316,910.2 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Shares acquired: 377.7 shares
Post-transaction holdings: 316,910.2 shares
Quarterly cash dividend: $0.15 per share
+2 more
5 metrics
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
Key Terms
restricted stock units, dividend equivalent right, quarterly cash dividend, Rule 16b-3
4 terms
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
