Form 4: Iridium Communications Inc. Executive Kathleen A. Morgan Reports Stock 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 vested restricted stock units.
Summary
- On July 1, 2024, Kathleen A. Morgan, Chief Legal Officer of Iridium Communications Inc., reported a transaction.
- The transaction involved the withholding of 647 shares of common stock by the issuer to satisfy tax obligations related to the vesting and settlement of restricted stock units.
- The price per share was $26.62.
- Following the transaction, Morgan directly owns 74,640 shares of Iridium Communications Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of the stock transaction (share withholding for tax obligations). |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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