Form 4: Iridium Communications Inc. Executive Suzanne E. McBride Reports Share Transaction
SEC Form 4
Suzanne E. McBride, Chief Operations Officer at Iridium Communications Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 1, 2024, Suzanne E. McBride, Chief Operations Officer of Iridium Communications Inc., had 2,034 shares of common stock withheld by the issuer to cover tax obligations.
- The withholding occurred at a price of $25.8 per share.
- Following the transaction, McBride directly owns 187,217 shares of Iridium Communications Inc.
- The transaction was related to the vesting and settlement of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a standard tax withholding, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of the share transaction (tax withholding). |
| 09/04/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.