Iridium CFO has 1,461 shares withheld for taxes
Iridium’s CFO had shares withheld to cover taxes on RSU vesting, leaving him with over 126,000 directly held shares.
Rhea-AI Filing Summary
Iridium Communications Inc. (IRDM) reported that its Chief Financial Officer, Vincent James O'Neill, had 1,461 shares of common stock withheld on September 1, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units. The shares were valued at $46.98 per share, and he now directly holds 126,944 shares of common stock. No Rule 10b5-1 trading plan is reported for this tax-withholding transaction.
Positive
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Insider Trade Summary
Tax Withholding: 1,461 shares
Tax Withholding
1 txn
Insider
O'Neill Vincent James
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,461 | $46.98 | $69K |
Holdings After Transaction:
Common Stock — 126,944 shares (Direct)
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
Shares withheld for taxes: 1,461 shares
Per-share value of withheld shares: $46.98 per share
Shares held after transaction: 126,944 shares
3 metrics
Shares withheld for taxes
1,461 shares
Common stock withheld on September 1, 2026 to satisfy tax withholding obligations
Per-share value of withheld shares
$46.98 per share
Valuation applied to the 1,461 withheld shares
Shares held after transaction
126,944 shares
Directly held Iridium common stock by the CFO after tax withholding
Key Terms
restricted stock units, tax withholding obligations, Rule 10b5-1
3 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
"withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations"
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for this transaction"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did IRDM report for its CFO?
Iridium Communications Inc. reported that CFO Vincent James O'Neill had 1,461 shares of common stock withheld on September 1, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock units.
Was the IRDM CFO’s Form 4 transaction a market sale or a tax withholding?
The transaction was tax withholding, not a market sale. Iridium stated the 1,461 shares represented shares withheld by the issuer to satisfy the CFO’s tax withholding obligations upon RSU vesting and settlement.
Was the IRDM CFO’s tax-withholding transaction under a Rule 10b5-1 plan?
No. The filing indicates no Rule 10b5-1 trading plan for this transaction. The shares were withheld by the issuer solely to satisfy the CFO’s tax withholding obligations related to RSU vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.