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Iridium (IRDM) director granted 43.5 dividend-linked share rights

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Iridium Communications Inc. director Monique S. Shivanandan reported an acquisition of 43.5 shares of common stock through a stock-based award. These shares are dividend equivalent rights that arose from a previously declared cash dividend of $0.15 per share on existing restricted stock units.

Each dividend equivalent right corresponds to one share of common stock and follows the same vesting and settlement terms as the original restricted stock units. After this award, the director’s direct holdings reported in this filing total 15,938.8 shares of common stock.

Positive

  • None.

Negative

  • None.
Insider Shivanandan Monique S.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 43.5 $0.00 --
Holdings After Transaction: Common Stock — 15,938.8 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares acquired 43.5 shares Dividend equivalent rights on restricted stock units
Post-transaction holdings 15,938.8 shares Common stock directly held after award
Quarterly cash dividend $0.15 per share Declared on common stock on May 20, 2026
Dividend record date June 15, 2026 Stockholders of record date for $0.15 dividend
Dividend payment date June 30, 2026 Payment date for $0.15 per share dividend
restricted stock units financial
"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"
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 of the Issuer's common stock upon the settlement of the Original RSUs"
Rule 16b-3 regulatory
"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"
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.
quarterly cash dividend financial
"the Issuer's board of directors declared a quarterly cash dividend in the amount of $0.15 per share of its common stock"
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Shivanandan Monique S.
(Last)(First)(Middle)
C/O IRIDIUM COMMUNICATIONS INC.
1676 INTERNATIONAL DRIVE, SUITE 1100
(Street)
MCLEAN VIRGINIA 22102
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Iridium Communications Inc. [ IRDM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock(1)06/30/2026A43.5A$015,938.8D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. On May 20, 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 June 30, 2026 to stockholders of record of the common stock at the close of business on June 15, 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.
/s/ Peter L. Trentman, Attorney-in-Fact07/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Iridium Communications (IRDM) director report?

Iridium Communications director Monique S. Shivanandan reported acquiring 43.5 shares of common stock. These shares are dividend equivalent rights linked to existing restricted stock units and were received at no cash cost as part of stock-based compensation.

How many Iridium (IRDM) shares does the director hold after this Form 4?

After the reported transaction, the director holds 15,938.8 shares of Iridium common stock directly. This total includes the 43.5 dividend equivalent shares tied to restricted stock units, as disclosed in the Form 4 filing’s post-transaction ownership figure.

What dividend triggered the Iridium (IRDM) dividend equivalent rights grant?

A quarterly cash dividend of $0.15 per share on Iridium common stock triggered the grant. The board declared this dividend on May 20, 2026, payable June 30, 2026, to stockholders of record as of June 15, 2026, including holders of eligible restricted stock units.

What are dividend equivalent rights in the Iridium (IRDM) Form 4 filing?

Dividend equivalent rights give the holder additional shares corresponding to dividends on underlying restricted stock units. For this Iridium grant, each dividend equivalent right entitles the director to one share of common stock, subject to the same vesting and settlement terms as the original restricted stock units.

Was the Iridium (IRDM) director’s dividend equivalent grant board-approved?

Yes. The grant of dividend equivalent rights to the director was approved by Iridium’s board of directors. The approval was made pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, which governs certain insider transactions and compensation-related awards.