[Form 4] Iridium Communications Inc. Insider Trading Activity
Rhea-AI Filing Summary
Suzanne E. McBride, who serves as Chief Operations Officer and a director of Iridium Communications Inc. (IRDM), reported a transaction on Form 4 where 2,821 shares of Common Stock were disposed on 09/01/2025 at a price of $24.89 per share. The filing states the shares were withheld by the issuer to satisfy the reporting person’s tax withholding obligations related to the vesting and settlement of restricted stock units. Following the transaction, McBride beneficially owned 222,272 shares in a direct ownership form. The form was signed by an attorney-in-fact on 09/02/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: This is a routine insider tax-withholding transaction, not a market sale, reducing beneficial shares by 2,821.
The Form 4 discloses a non-derivative disposal of 2,821 shares by Suzanne E. McBride on 09/01/2025 at $24.89 per share. The filing explicitly explains the disposal resulted from issuer withholding to satisfy tax obligations upon RSU vesting and settlement. Reporting shows direct beneficial ownership of 222,272 shares after the withholding. There is no indication of additional sales, option exercises, or derivative activity. Documentation was executed by an attorney-in-fact on 09/02/2025, consistent with standard Form 4 procedural practice.
TL;DR: Routine insider reporting of tax-related share withholding; materiality to investors is limited.
The disclosure identifies the reporting person as both an officer (Chief Operations Officer) and a director, and records a tax-withholding share disposition of 2,821 common shares. The nature of the transaction is explicitly stated as withholding to satisfy tax liabilities from RSU vesting, which aligns with common executive compensation settlements. The Form 4 shows direct ownership remains at 222,272 shares. No governance or control changes are reported in this filing.