Iridium director granted 756 dividend RSU shares
Iridium Communications director Eric T. Olson acquired 756.7 shares of common stock via a compensation-related grant.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Iridium Communications director Eric T. Olson acquired 756.7 shares of common stock via a compensation-related grant. The shares reflect dividend-equivalent rights that accrued from a quarterly cash dividend of $0.15 per share declared on March 5, 2026 and paid March 31, 2026. After this award, Olson directly holds 157,295.3 shares of Iridium common stock.
Insider Trade Summary
Grant/Award: 756.7 shares
Grant/Award
1 txn
Insider
Olson Eric T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 756.7 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 157,295.3 shares (Direct)
Holdings Before and After:
Common Stock, 156,538.6 to 157,295.3 shares (Direct)
Footnotes (1)
- F1. On March 5, 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 March 31, 2026 to stockholders of record of the common stock at the close of business on March 16, 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
Shares granted: 756.7 shares
Post-transaction holdings: 157,295.3 shares
Quarterly cash dividend: $0.15 per share
+1 more
4 metrics
Shares granted
756.7 shares
Dividend-equivalent rights on restricted stock units
Post-transaction holdings
157,295.3 shares
Common stock held directly by Eric T. Olson after grant
Quarterly cash dividend
$0.15 per share
Declared March 5, 2026 on Iridium common stock
Dividend payment date
March 31, 2026
Payable to stockholders of record on March 16, 2026
Key Terms
restricted stock units, dividend equivalent right, quarterly cash dividend, Rule 16b-3
4 terms
restricted stock units financial
"restricted stock units with respect to the Issuer's common stock"
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.
dividend equivalent right financial
"Each dividend equivalent right entitles the reporting person to receive one share"
quarterly cash dividend financial
"declared a quarterly cash dividend in the amount of $0.15 per share"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
Rule 16b-3 regulatory
"The grant of dividend equivalent rights was approved ... pursuant to Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Eric T. Olson report at Iridium Communications (IRDM)?
Eric T. Olson reported acquiring 756.7 shares of Iridium common stock. These shares came as dividend-equivalent rights linked to his existing restricted stock units, not an open-market purchase, and were received at no cost as part of his equity-based compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
