Form 4: Iridium Communications Inc. Executive Suzanne E. McBride Reports Stock Transaction
SEC Form 4 Filing
Suzanne E. McBride, Chief Operations Officer at Iridium Communications Inc., reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On June 1, 2024, Suzanne E. McBride, Chief Operations Officer of Iridium Communications Inc., had 2,033 shares of common stock withheld by the issuer to cover tax obligations.
- The withholding occurred at a price of $30.11 per share.
- Following the transaction, McBride directly owns 189,251 shares of Iridium Communications Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard tax withholding procedure. It doesn't indicate positive or negative sentiment regarding the company's performance.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who receive stock-based compensation. It reflects the standard practice of withholding shares to cover tax obligations upon the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of the stock transaction (share withholding). |
| 06/04/2024 | Date of signature for the Form 4 filing. |
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