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Iridium Communications Inc. — Director's Dealing 2024
Jan 8, 2024
31757_dirs_2024-01-08_f563e12e-dfa6-483b-ba86-75cffee558e2.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: 2024-01-04
Reporting Person: Canfield Thomas C (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-04 | Common Stock | A | 5036 | $0.00 | Acquired | 197580.4 | Direct |
| 2024-01-04 | Common Stock | A | 1888 | $39.71 | Acquired | 199468.4 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 36682 | Indirect |
Footnotes
F1: This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
F2: The shares underlying this restricted stock unit award vest on January 4, 2025, subject to the reporting person's continued service with the issuer.
F3: The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan.
F4: The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan in lieu of (i) annual cash board member retainer fees of $50,000, and (ii) committee member fees of $25,000.
F5: These shares were previously owned directly by the reporting person and were contributed to a grantor retained annuity trust ("GRAT"). The reporting person is the trustee and sole annuitant of the GRAT.