Iridium Communications EVP granted 41,949 RSUs
Thoma Donald Lee reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Thoma Donald Lee reported acquisition or exercise transactions in this Form 4 filing.
Iridium Communications EVP, Aireon, Donald Lee Thoma received a grant of 41,949 restricted stock units, each representing a contingent right to one share of common stock. According to the award terms, 66% of the units vest on July 10, 2027 and the remainder on December 15, 2027, subject to his continued service. Thoma is also reported as having 8,228 common shares held indirectly through revocable trusts, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 41,949 shares
Grant/Award
2 txns
Insider
Thoma Donald Lee
Role
EVP, Aireon
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 41,949 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 41,949 shares (Direct);
Common Stock — 8,228 shares (Indirect, By Donald Lee Thoma Revocable Trust dated 3/13/2024 and Petra Jelonnek Revocable Trust dtd 3/13/2024)
Footnotes (2)
- F1. 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, 66% shall vest on July 10, 2027 and the remainder shall vest on December 15, 2027, subject to the reporting person's continued service with the Issuer as of each vesting date.
- F2. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Restricted stock units granted: 41,949 units
First vesting tranche: 66% of award
Second vesting date: December 15, 2027
+2 more
5 metrics
Restricted stock units granted
41,949 units
Equity award to EVP, Aireon Donald Lee Thoma, each unit for one share of common stock
First vesting tranche
66% of award
Portion of RSUs scheduled to vest on July 10, 2027, subject to continued service
Second vesting date
December 15, 2027
Date on which the remainder of the 41,949 RSUs is scheduled to vest
Grant price per RSU
$0.0000 per share
Stated transaction price for the RSU award, indicating no cash purchase
Indirectly held common shares
8,228 shares
Iridium common stock held through revocable trusts with beneficial ownership disclaimed except for pecuniary interest
Key Terms
restricted stock units, pecuniary interest, revocable trust, beneficial ownership
4 terms
restricted stock units financial
"These shares are represented by restricted stock units. Each restricted stock unit represents a contingent right"
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.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
revocable trust financial
"By Donald Lee Thoma Revocable Trust dated 3/13/2024 and Petra Jelonnek Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did Iridium (IRDM) grant to EVP Donald Lee Thoma?
Iridium granted Donald Lee Thoma 41,949 restricted stock units (RSUs), each representing a contingent right to receive one share of common stock, as part of his compensation for his role as EVP, Aireon.
When do Donald Lee Thoma’s 41,949 Iridium (IRDM) RSUs vest?
66% of the 41,949 RSUs vest on July 10, 2027, and the remainder vests on December 15, 2027, in each case subject to Thoma’s continued service with Iridium through the applicable vesting date.
What beneficial ownership limitation does Thoma note for his indirect Iridium (IRDM) holdings?
For the indirectly held shares, Thoma disclaims beneficial ownership of the securities except to the extent of his pecuniary interest, indicating he does not claim full economic ownership of all shares held by the trusts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
