Form 4: Iridium Communications CFO Thomas Fitzpatrick Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Thomas Fitzpatrick, CFO of Iridium Communications Inc., reported disposing of 2,015 shares of common stock on June 1, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On June 1, 2024, Thomas Fitzpatrick, the Chief Financial Officer of Iridium Communications Inc., disposed of 2,015 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting and settlement of restricted stock units.
- The shares were disposed of at a price of $30.11 per share.
- Following the transaction, Fitzpatrick directly owns 247,172 shares of Iridium Communications Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of the transaction (disposal of shares) |
| 06/04/2024 | Date of signature on the Form 4 filing |
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