Company: IRDM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015183
Chunk: 97

Company: Iridium Communications Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 97
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 officer, and that committee is expected to follow our historic grant practice with respect to the timing of grants to contractors.

#### Stock Ownership and Holding Guidelines
In 2012, our Compensation Committee adopted stock ownership guidelines for our directors and executives at the level of vice president and above. The Compensation Committee also determined that stock ownership guidelines help align the interests of our executives with those of our stockholders and may act as a risk mitigation device. Each currently employed named executive officer subject to the stock ownership guidelines was in compliance with the guidelines as of the record date for the 2025 annual meeting of stockholders.

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The stock ownership guidelines are based on a multiple of annual base salary or annual cash retainer, as follows:

| Position                  |     | Ownership Guideline                                          |
| Non-Employee Director     |     | 4 times annual cash retainer (retainer is currently $50,000) |
| Chief Executive Officer   |     | 4 times annual base salary                                   |
| Executive Vice Presidents |     | 2 times annual base salary                                   |
| Senior Vice Presidents    |     | 1 times annual base salary                                   |
| Vice Presidents           |     | 1/2 of annual base salary                                    |

For purposes of these guidelines, “ownership” includes: (1) shares directly (not just beneficially) owned; (2) shares directly (not just beneficially) owned jointly by the individual and his or her spouse; (3) shares held in trust or other estate planning vehicle (e.g., family limited partnership) for the benefit of the individual and/or his or her family members; (4) shares equal to the number of vested deferred stock units credited to the individual under a deferred compensation arrangement; and (5) shares credited to the individual’s 401(k) plan account. Shares subject to unvested RSUs (including unvested performance-based RSUs) and unexercised stock options do not count toward satisfaction of the ownership guidelines.

There is no specific time period within which the individual must attain the applicable stock ownership targets under the guidelines. Rather, until an individual comes into compliance with the guidelines, he or she is required to retain 50% percent of Net Profit Shares from each stock award on exercise, vesting or earn-out. “Net Profit Shares” means: (1) shares received on the vesting or issuance (as applicable) of full value stock awards (e.g., restricted stock, RSUs, performance shares), net of