Form 4: Iridium Communications Inc. Executive Bryan J. Hartin Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP-Sales and Marketing of Iridium Communications, Bryan J. Hartin, reports a transaction involving the withholding of shares to cover taxes related to accelerated vesting upon qualified retirement.
Summary
- On December 19, 2024, Bryan J. Hartin, EVP-Sales and Marketing at Iridium Communications Inc., reported a transaction involving common stock.
- The transaction involved the withholding of 1,814 shares to cover taxes associated with accelerated vesting upon a qualified retirement under the issuer's 'sum of 70' program.
- The price per share was $29.5.
- Following the transaction, Hartin directly owns 94,928 shares of Iridium Communications Inc.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and tax obligations.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 12/19/2024 | Date of the transaction involving the withholding of shares. |
| 12/23/2024 | Date of signature by Brian Leaf, Attorney-in-Fact. |
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