Iridium Communications (NASDAQ: IRDM) CFO reports RSU awards and tax withholding
Rhea-AI Filing Summary
Iridium Communications Inc. Chief Financial Officer Vincent James O'Neill reported stock-based compensation activity in the form of restricted stock units (RSUs) and related tax withholding.
On March 1, 2026, he acquired 83,507 shares of common stock at no cost through a grant, and the filing notes RSUs certified as earned under the issuer's 2025 bonus plan that will vest on March 9, 2026, subject to continued service. A separate RSU award provides that 20% vests on March 1, 2027, with the remainder vesting quarterly until fully vested by March 1, 2031, also subject to continued service.
The filing also shows a 3,658‑share tax-withholding disposition on March 1, 2026 at $22.49 per share, where shares were withheld by the company to cover tax obligations, rather than sold in the open market. On February 26, 2026, he received an additional 5,066 shares via a grant at no cost. After these transactions, his directly held common stock balance reported in the filing is 132,378 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 83,507 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,658 | $22.49 | $82K |
| Grant/Award | Common Stock | 5,066 | $0.00 | -- |
Footnotes (1)
- Reflects the number of restricted stock units ("RSUs") certified as earned with respect to an award under the issuer's 2025 bonus plan granted on March 1, 2025. Each RSU represents a contingent right to receive one share of common stock of the issuer. The shares will vest on March 9, 2026, subject to the reporting person's continuous service with the issuer as of the vesting date. These shares are represented by RSUs. Each RSU represents a contingent right to receive one share of common stock of the issuer. Of the shares underlying this RSU award, 20% shall vest on March 1, 2027 and the remainder shall vest in equal quarterly installments thereafter on each June 1, September 1, December 1 and March 1, so that all shares of common stock shall be vested as of March 1, 2031, subject to the reporting person's continuous service with the issuer as of each such vesting date. The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations.