Form 4: Iridium Communications CAO Timothy Kapalka Reports Changes in Beneficial Ownership

Timothy Kapalka, CAO of Iridium Communications, reports acquisition and disposal of common stock related to restricted stock units and tax withholding obligations.

Summary

• On March 1, 2025, Timothy Kapalka, CAO of Iridium Communications, reported changes in beneficial ownership of Iridium Communications Inc. common stock.
• Kapalka disposed of 1,617 shares to cover tax obligations at a price of $31.56 per share.
• He acquired 10,297 shares through restricted stock units on March 1, 2025, and an additional 2,105 shares on March 2, 2025, related to a performance-based restricted stock unit award.
• Kapalka disposed of 949 shares on March 2, 2025, to cover tax obligations related to the vesting of the performance-based restricted stock units at a price of $31.56 per share.
• Following these transactions, Kapalka directly owns 43,234 shares of Iridium Communications Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and does not indicate any significant positive or negative sentiment.

Future Outlook

The restricted stock units will vest over time, with 34% vesting on March 1, 2026, and the remainder vesting in equal quarterly installments until March 1, 2028, subject to continuous service.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and tax obligations.

Key Dates