Form 4: Iridium Communications CAO Timothy Kapalka Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Timothy Kapalka, CAO of Iridium Communications Inc., reports the withholding of 386 shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On September 1, 2024, Timothy Kapalka, CAO of Iridium Communications Inc., reported a transaction involving the withholding of 386 shares of common stock by the issuer.
- The shares were withheld to satisfy Mr. Kapalka's tax withholding obligations related to the vesting and settlement of restricted stock units.
- The price per share for the transaction was $25.8.
- Following the transaction, Mr. Kapalka beneficially owns 33,784 shares of Iridium Communications Inc.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of the share withholding transaction. |
| 09/04/2024 | Date of signature for the Form 4 filing. |
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