Suzanne E. McBride - 02 Mar 2023 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Chief Operations Officer, Director
Signature
/s/Brian Leaf, Attorney-in-Fact
Issuer symbol
IRDM
Transactions as of
02 Mar 2023
Net transactions value
-$230,360
Form type
4
Filing time
06 Mar 2023, 15:16:29 UTC
Previous filing
03 Mar 2023
Next filing
17 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Award $0 +3,887 +2.9% $0.000000 138,978 02 Mar 2023 Direct F1
transaction IRDM Common Stock Tax liability $106,660 -1,727 -1.2% $61.76 137,251 02 Mar 2023 Direct F2
transaction IRDM Common Stock Sale $123,700 -2,000 -1.5% $61.85 135,251 03 Mar 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vested portion of a performance-based restricted stock unit award based on the issuer's satisfaction of certain performance criteria. In light of the performance-based vesting conditions of the award, such award was not reportable under Section 16 until vesting was determined, which occurred on March 2, 2023.
F2 The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in footnote (1) herein.