Iridium exec has 3,623 shares withheld for taxes
Iridium Communications’ COO had shares withheld for taxes upon RSU vesting, leaving her with 260,991 directly held shares.
Rhea-AI Filing Summary
Iridium Communications Inc. (IRDM) reports that Chief Operations Officer and director Suzanne E. McBride had 3,623 shares of common stock withheld on September 1, 2026, to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units. The shares were withheld by the issuer and treated as a disposition, and McBride now directly holds 260,991 common shares. No Rule 10b5-1 trading plan is reported in connection with this tax-related transaction.
Positive
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Negative
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Insider Trade Summary
Tax Withholding: 3,623 shares
Tax Withholding
1 txn
Insider
McBride Suzanne E.
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 3,623 | $46.98 | $170K |
Holdings After Transaction:
Common Stock — 260,991 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Shares withheld for taxes: 3,623 shares
Reported price per share: $46.98 per share
Shares held after transaction: 260,991 shares
+1 more
4 metrics
Shares withheld for taxes
3,623 shares
Common stock withheld on September 1, 2026 for tax withholding obligations on RSU vesting
Reported price per share
$46.98 per share
Value used for the 3,623 IRDM common shares withheld on September 1, 2026
Shares held after transaction
260,991 shares
Directly held Iridium Communications Inc. common stock by Suzanne E. McBride after the transaction
Tax-withholding disposition shares
3,623 shares
Shares delivered or withheld to satisfy tax withholding obligations, transaction code F
Key Terms
restricted stock units, withholding of shares, tax withholding obligations, non-derivative
4 terms
restricted stock units financial
"in connection with the non-reportable vesting and settlement of restricted stock units"
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.
tax withholding obligations financial
"to satisfy the reporting person's tax withholding obligations in connection"
non-derivative financial
"transaction_type is listed as non-derivative common stock"
FAQ
What insider transaction did IRDM report for Suzanne E. McBride on September 1, 2026?
The report shows 3,623 IRDM common shares were withheld by Iridium Communications Inc. on September 1, 2026 to satisfy Suzanne E. McBride’s tax withholding obligations related to the vesting and settlement of restricted stock units.
Was the September 1, 2026 IRDM insider transaction a market sale or a tax withholding?
It was a tax-withholding transaction. The Form 4 states the 3,623 shares represent shares withheld by Iridium Communications Inc. to satisfy the reporting person’s tax withholding obligations upon RSU vesting, not an open-market sale.
Was the September 1, 2026 IRDM insider transaction made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates no Rule 10b5-1 plan is reported for the September 1, 2026 tax-withholding transaction involving 3,623 Iridium Communications Inc. common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.