Form 4: Iridium Communications EVP Bryan Hartin Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Bryan Hartin, EVP of Sales and Marketing at Iridium Communications, disposed of 1,072 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On June 1, 2024, Bryan J. Hartin, EVP-Sales and Marketing at Iridium Communications Inc., disposed of 1,072 shares of common stock.
- The disposal was executed to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units.
- The shares were disposed of at a price of $30.11 per share.
- Following the transaction, Hartin directly owns 98,888 shares of Iridium Communications Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
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 stock disposal transaction. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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