Iridium CFO has 1,459 shares withheld for taxes
Iridium Communications Chief Financial Officer Vincent James O'Neill had 1,459 shares of common stock withheld by the company to cover tax obligations.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,459 | $51.78 | $76K |
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
Key Terms
restricted stock units financial
tax withholding obligations financial
Form 4 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Iridium Communications (IRDM) report for its CFO?
Was the Iridium (IRDM) CFO’s Form 4 transaction an open-market sale?
What does the footnote in the Iridium (IRDM) Form 4 say about the CFO’s transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.