Form 4: Iridium Communications Inc.: Chief Legal Officer Reports Tax Withholding Share Transaction
SEC Form 4 Filing
Kathleen A. Morgan, Chief Legal Officer of Iridium Communications Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On June 1, 2024, Kathleen A. Morgan, Chief Legal Officer of Iridium Communications Inc., reported a transaction on Form 4.
- The transaction involved the withholding of 462 shares of common stock at a price of $30.11 to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units.
- Following the transaction, Morgan directly owns 75,287 shares of Iridium Communications Inc.
- The transaction was executed pursuant to Rule 10b5-1(c).
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, indicating normal business operations. There is no indication of positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common among publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of the transaction involving the withholding of shares. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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