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Iridium Communications Inc. — Director's Dealing 2023
Mar 6, 2023
31757_dirs_2023-03-06_31391774-1077-483a-bc96-6dd96daaceae.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Iridium Communications Inc. (IRDM)
CIK: 0001418819
Period of Report: 2023-03-02
Reporting Person: Kapalka Timothy (CAO Iridium Satellite LLC)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-02 | Common Stock | A | 1472 | $0.00 | Acquired | 20361 | Direct |
| 2023-03-02 | Common Stock | F | 663 | $61.76 | Disposed | 19698 | Direct |
Footnotes
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.