Company: IRDM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015183
Chunk: 3

Company: Iridium Communications Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 3
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         |     |  56 |     |     2023 |     | X           |     | M          |     | — |     | M |     | Talkspace, Inc.                |

____________________________________ (1) Effective as of the conclusion of the 2025 annual meeting, Mr. Krongard will no longer serve on the Nominating and Corporate Governance Committee and Ms. Sears has been appointed as chair of the committee. AC = Audit Committee; CC = Compensation Committee; NGC = Nominating and Corporate Governance Committee; C = Chairman; M = Member

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Our Executive Compensation Program Our executive compensation program is designed to attract, reward and retain a talented, innovative and entrepreneurial team of executives to fulfill our business objectives. To do so, we believe that a majority of our executives’ target compensation should be based on performance, both of the individual and of our business. We structure our variable compensation programs to recognize both short-term and long-term contributions. Key Elements of Executive Compensation

| Compensation Component |     | Reason                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Base Salary            |     | We provide base salary as a fixed source of compensation for our executives for the services they provide to us during the year and to balance the impact of having a significant portion of their compensation “at risk” in the form of annual incentive bonuses and long-term, equity-based incentive compensation. Our Compensation Committee recognizes the importance of a competitive base salary as an element of compensation that helps to attract and retain our executive officers.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Annual Bonus           |     | Our 2024 bonus plan provided compensation opportunities to our executive officers based on the achievement of pre-established performance goals derived from our Board-approved operating plan for 2024. Under our 2024 bonus plan, 60% of each executive’s target performance bonus for the 2024 calendar year was payable in the form of restricted stock units, or RSUs, that only vested upon the Compensation Committee’s determination of achievement of these pre-established performance goals and the executive’s continued service through the vesting date in March 2025. Our 2024 bonus plan provided that the remaining 40% and any bonus amounts earned in excess of 100% of target would be paid in cash. In February 2024, the Compensation Committee approved a target incentive bonus award for each executive and capped the portion of the bonus award attributable to company performance at a maximum of 190%