Iridium director Yeaney acquires 34.2 stock rights
Each dividend equivalent right carries the same vesting and settlement conditions as the restricted stock unit to which it relates.
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Rhea-AI Filing Summary
Iridium Communications Inc. director Jacqueline E. Yeaney acquired 34.2 dividend equivalent rights on September 30, 2026, tied to restricted stock units. Each right entitles her to one common share upon settlement and carries the same vesting and settlement terms as the related units. Her reported direct holdings following the transaction were 25,374 shares. The board declared a quarterly cash dividend of $0.15 per common share on August 10, 2026, payable September 30, 2026, to stockholders of record September 15, 2026.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 34.2 | $0.00 | $0.00 |
Footnotes (1)
- F1. On August 10, 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 September 30, 2026 to stockholders of record of the common stock at the close of business on September 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
Key Terms
dividend equivalent right financial
restricted stock units financial
Rule 16b-3 regulatory
FAQ
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How many dividend equivalent rights did IRDM director Jacqueline E. Yeaney acquire?
How were IRDM's dividend equivalent rights authorized?
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