Iridium (IRDM) CFO has 1,459 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Iridium Communications Chief Financial Officer Vincent James O'Neill had 1,459 shares of common stock withheld by the company to cover tax obligations. The shares were valued at $51.78 each and relate to the vesting and settlement of restricted stock units. After this tax-withholding transaction, he directly holds 128,405 shares of Iridium common stock, so the disposition represents a small portion of his overall stake and is a routine, non-market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
O'Neill Vincent James
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,459 | $51.78 | $76K |
Holdings After Transaction:
Common Stock — 128,405 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,459 shares
Withholding price per share: $51.78 per share
Shares held after transaction: 128,405 shares
+1 more
4 metrics
Shares withheld for taxes
1,459 shares
Tax withholding on RSU vesting for CFO on 2026-06-01
Withholding price per share
$51.78 per share
Value used for tax-withholding shares on 2026-06-01
Shares held after transaction
128,405 shares
CFO’s direct Iridium common stock holdings after withholding
Tax-withholding transactions
1 transaction, 1,459 shares
Form 4 transaction summary for this filing
Key Terms
restricted stock units, tax withholding obligations, withholding of shares, Form 4
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 with the"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Iridium Communications (IRDM) report for its CFO?
Iridium reported that CFO Vincent James O'Neill had 1,459 common shares withheld to cover tax obligations. The shares were tied to vesting restricted stock units and were not sold in the open market, making this a routine administrative transaction.
Was the Iridium (IRDM) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 1,459 shares were withheld by Iridium to satisfy CFO Vincent James O'Neill’s tax obligations arising from restricted stock unit vesting, as noted in the footnote to the Form 4 filing.
What does the footnote in the Iridium (IRDM) Form 4 say about the CFO’s transaction?
The footnote explains that the reported transaction reflects shares withheld by Iridium to satisfy the CFO’s tax withholding obligations. It states the withholding was connected to the non-reportable vesting and settlement of restricted stock units granted to Vincent James O'Neill.