Form 4: Iridium Communications CAO Timothy Kapalka Reports Stock Transactions
SEC Form 4 Filing
Iridium Communications CAO Timothy Kapalka reports acquisition and disposal of common stock due to vesting of restricted stock units and tax withholding.
Summary
- On August 1, 2022, Timothy Kapalka acquired 4,688 shares of Iridium Communications Inc. common stock represented by restricted stock units.
- These restricted stock units vested in full on August 1, 2024.
- On August 1, 2024, 2,114 shares were disposed of at a price of $28.81 to cover tax withholding obligations.
- Following these transactions, Kapalka directly owns 34,170 shares of Iridium Communications Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
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 impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/01/2022 | Acquisition of 4,688 shares through restricted stock units. |
| 08/01/2024 | Vesting of restricted stock units and disposal of 2,114 shares for tax withholding. |
| 08/05/2024 | Date of signature for the Form 4 filing. |
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