Company: IRDM
Filing Date: 2025-03-17
Form Type: PRE 14A
Source: 0001628280-25-013200
Chunk: 108

Company: Iridium Communications Inc.
Filing Date: 2025-03-17
Form: PRE 14A
Chunk 108
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           |     |                                                                                                         |  25,244 |     | -9 |     |                                                                                                                            |   732,581 |
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(1) The expiration date of each stock option is ten years from the date of grant.

(2) The market value amount is calculated based on the closing price of our common stock of $29.02 on December 31, 2024.

(3) These shares represent service-based RSUs granted on March 1, 2021 vesting 25% on the first anniversary of their grant date and the remaining 75% vesting thereafter in 12 equal quarterly installments. The share amounts shown in the table vested in full on March 1, 2025.

(4) These shares represent service-based RSUs granted on March 1, 2022 vesting 25% on the first anniversary of their grant date and the remaining 75% vesting thereafter in 12 equal quarterly installments, subject to the executive’s continued service or qualified retirement under our “sum of 70” program.

(5) These shares represent service-based RSUs granted on March 1, 2023 vesting 25% on the first anniversary of their grant date and the remaining 75% vesting thereafter in 12 equal quarterly installments, subject to the executive’s continued service or qualified retirement under our “sum of 70” program.

(6) These shares represent service-based RSUs granted on March 1, 2024 vesting 34% on the first anniversary of their grant date, and the remaining 66% vesting thereafter in eight equal quarterly installments, subject to the executive’s continued service or qualified retirement under our “sum of 70” program.

(7) These shares represent performance-based RSUs granted in March 2022 with a performance period through December 31, 2023. In February 2024, the Compensation Committee determined the level of performance achievement, with one-half of the shares earned vesting upon determination and one-half vesting on March 1, 2025, subject to continued