Form 4: Iridium Communications EVP Scott Scheimreif Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Scott Scheimreif, EVP of Government Programs at Iridium Communications Inc., reports the withholding of 1,151 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 1, 2024, Scott Scheimreif, EVP of Government Programs at Iridium Communications Inc., had 1,151 shares of common stock withheld by the issuer to satisfy tax obligations.
- The shares were withheld at a price of $25.8 per share.
- Following the transaction, Scheimreif beneficially owns 169,987 shares of Iridium Communications Inc.
Sentiment
Score: 7
Explanation: This Form 4 filing is a routine transaction related to executive compensation and tax obligations, indicating normal business operations. It doesn't suggest any significant positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of share withholding transaction. |
| 09/04/2024 | Date of signature by Attorney-in-Fact. |
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