Iridium (IRDM) COO has 3,067 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Iridium Communications Inc. chief operations officer Suzanne E. McBride reported a routine tax-related share disposition. On the reported date, the issuer withheld 3,067 shares of common stock at $24.01 per share to satisfy her tax withholding obligations from vesting restricted stock units. Following this non-market transaction, she directly holds 371,093 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McBride Suzanne E.
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,067 | $24.01 | $74K |
Holdings After Transaction:
Common Stock — 371,093 shares (Direct)
Footnotes (1)
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FAQ
What did Iridium (IRDM) COO Suzanne McBride report in this Form 4?
Suzanne McBride reported a tax-related share disposition. Iridium withheld 3,067 common shares at $24.01 to cover her tax obligations from vesting restricted stock units. After this non-market event, she directly holds 371,093 common shares in Iridium.
Was the Iridium (IRDM) Form 4 transaction an open-market sale?
No, the Form 4 describes tax-withholding, not an open-market sale. Iridium retained 3,067 shares to satisfy Suzanne McBride’s tax liability tied to vesting restricted stock units, meaning no discretionary sale decision was made in the open market.
What does the F transaction code mean in the Iridium (IRDM) Form 4?
The F code indicates a tax-withholding disposition. Iridium withheld 3,067 common shares from Suzanne McBride at $24.01 per share to pay taxes owed on the vesting and settlement of restricted stock units, rather than executing an open-market sale.