Company: IRDM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015183
Chunk: 93

Company: Iridium Communications Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 93
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 closing price of our common stock on March 1, 2024, the date of grant of the RSUs, rounded down to the nearest whole share.

The service-based RSUs granted to our named executive officers in 2024 were as follows:

| Name                  |     | Value ($) |     | RSUs (#) |
| Matthew J. Desch      |     | 3,500,000 |     |  117,805 |
| Thomas J. Fitzpatrick |     | 1,250,000 |     |   42,073 |
| Suzanne E. McBride    |     | 1,250,000 |     |   42,073 |
| Bryan J. Hartin       |     |   750,000 |     |   25,244 |
| Scott T. Scheimreif   |     |   750,000 |     |   25,244 |

2024 Performance-Based RSU Grants. In addition, as described above, the Compensation Committee approved target performance-based share awards for our executive officers. The number of RSUs subject to the target performance-based share awards was equal to the target grant value divided by $29.71, the closing price of our common stock on March 1, 2024, the date of grant of the performance-based share awards, rounded down to the nearest whole share.

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The performance-based RSUs granted to our named executive officers in 2024 were as follows:

| Name                  |     | Target Value ($) |     | Target RSUs (#) |
| Matthew J. Desch      |     |        3,500,000 |     |         117,805 |
| Thomas J. Fitzpatrick |     |        1,250,000 |     |          42,073 |
| Suzanne E. McBride    |     |        1,250,000 |     |          42,073 |
| Bryan J. Hartin       |     |          750,000 |     |          25,244 |
| Scott T. Scheimreif   |     |          750,000 |     |          25,244 |

The actual awards to be earned by each executive will be determined based on the achievement of two performance goals: (1) our total service revenue in 2025 and (2) our cumulative OEBITDA over the two-year period ending December 31, 2025. The