Company: IRDM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015183
Chunk: 39

Company: Iridium Communications Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 39
---
#### APPROVAL OF THE IRIDIUM COMMUNICATIONS INC.

#### AMENDED AND RESTATED 2015 EQUITY INCENTIVE PLAN
We are requesting that our stockholders approve the Iridium Communications Inc. Amended and Restated 2015 Equity Incentive Plan, which we refer to as the “Amended 2015 Plan,” primarily to increase the number of shares available for issuance under the Amended 2015 Plan by 4,500,000 shares. The Amended 2015 Plan was approved by our Compensation Committee on March 5, 2025, subject to approval by our stockholders. We refer to the Amended and Restated 2015 Equity Incentive Plan that was approved by our stockholders at our 2023 annual meeting of stockholders as the “2015 Plan.”

Equity awards have historically been and, we believe, will continue to be an integral component of our overall compensation program for our employees, directors and consultants. Approval of the Amended 2015 Plan by our stockholders will allow us to continue granting restricted stock unit awards, performance-based restricted stock unit awards, stock options and other awards at levels determined appropriate by our Board or Compensation Committee. The Amended 2015 Plan will also allow us to utilize a broad array of equity incentives and performance cash incentives in order to secure and retain the services of our employees, directors and consultants, and to provide long-term incentives that align the interests of our employees, directors and consultants with the interests of our stockholders.

The Amended 2015 Plan contains the following material changes from the 2015 Plan:

• Increased shares authorized for issuance . The addition of 4,500,000 shares, for an aggregate number of shares of our common stock authorized for issuance under the Amended 2015 Plan of 38,097,991 shares, subject to adjustment for certain changes in our capitalization.

• Increased shares authorized for issuance pursuant to the exercise of ISOs. Subject to the overall limit on shares authorized for issuance, an increase in the aggregate maximum number of shares of our common stock that may be issued pursuant to the exercise of incentive stock options (ISOs) under the 2015 Plan by an additional 10,000,000 shares, subject to adjustment for certain changes in our capitalization, and the extension of the last date an ISO may be granted to March 5, 2035 , which is the tenth anniversary of the date the Amended 2015 Plan was approved by