Form 4: Iridium Communications Inc. Executive Scott Scheimreif Reports Share Transaction
SEC Form 4 Filing
Scott Scheimreif, EVP at Iridium Communications Inc., reports the withholding of 1,150 shares to cover tax obligations related to vested restricted stock units.
Summary
- On June 1, 2024, Scott Scheimreif, EVP-Government Programs at Iridium Communications Inc., had 1,150 shares of common stock withheld by the issuer to cover tax obligations.
- The shares were withheld at a price of $30.11 per share.
- Following the transaction, Scheimreif directly owns 171,138 shares of Iridium Communications Inc.
- The transaction was related to the vesting and settlement of restricted stock units.
Sentiment
Score: 7
Explanation: The document reports a routine transaction related to executive compensation. It's neutral in nature and doesn't indicate any significant positive or negative developments for the company.
Industry Context
Executive compensation and share transactions are common occurrences in publicly traded companies. Form 4 filings are standard procedures for reporting such transactions to the SEC.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares being withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of the share transaction (tax withholding). |
| 06/04/2024 | Date of signature by Attorney-in-Fact. |
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