Iridium Communications (IRDM) director reports 14,744 RSU grant in Form 4
Rhea-AI Filing Summary
Iridium Communications director A.B. Krongard reported stock-based awards and related holdings. On December 31, 2025, 885.9 dividend equivalent rights were credited at a value of $0, reflecting a $0.15 per share quarterly cash dividend on restricted stock units. Each right corresponds to one share of common stock and follows the same vesting and settlement terms as the underlying restricted stock units.
On January 6, 2026, the director received 14,744 restricted stock units at a price of $0, issued under the director compensation plan and including 3,111 units granted in lieu of $57,500 of cash fees. These restricted stock units vest on January 6, 2027, subject to continued service, bringing directly held common stock to 365,902.3 shares. An additional 160,983 shares are held indirectly by the Krongard Irrevocable Equity Trust for the benefit of the director’s children, with beneficial ownership disclaimed.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,744 | $0.00 | -- |
| Grant/Award | Common Stock | 885.9 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On December 4, 2025, 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 December 31, 2025 to stockholders of record of the common stock at the close of business on December 15, 2025 (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. This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. The shares underlying these restricted stock units vest on January 6, 2027, subject to the reporting person's continued service with the issuer. The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan and include 3,111 restricted stock units issued in lieu of annual cash (i) board member retainer fees of $50,000 and (ii) committee member fees in the amount of $7,500. These shares are held in a trust for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
FAQ
What insider transaction did Iridium Communications (IRDM) report for director A.B. Krongard?
The report shows director A.B. Krongard received stock-based awards, including 885.9 dividend equivalent rights on December 31, 2025 and 14,744 restricted stock units on January 6, 2026, both at a stated price of $0.
How many Iridium Communications (IRDM) restricted stock units were granted and when do they vest?
The director was granted 14,744 restricted stock units on January 6, 2026. The shares underlying these units vest on January 6, 2027, subject to the director’s continued service with the company.
What are the 885.9 dividend equivalent rights reported for Iridium Communications (IRDM)?
The 885.9 dividend equivalent rights arose from a $0.15 per share quarterly cash dividend declared on December 4, 2025. Each right corresponds to one share of common stock and follows the same vesting and settlement terms as the underlying restricted stock units.
How much Iridium Communications (IRDM) stock does the director hold after these transactions?
After the reported transactions, the director beneficially owns 365,902.3 shares of common stock directly. There are also 160,983 shares held indirectly by the Krongard Irrevocable Equity Trust dated June 30, 2009.
What portion of the Iridium Communications (IRDM) RSU grant replaces cash fees?
Of the restricted stock units granted, 3,111 units were issued in lieu of annual cash fees, covering $50,000 in board retainer fees and $7,500 in committee member fees under the director compensation plan.