Company: IRDM
Filing Date: 2025-03-17
Form Type: PRE 14A
Source: 0001628280-25-013200
Chunk: 88

Company: Iridium Communications Inc.
Filing Date: 2025-03-17
Form: PRE 14A
Chunk 88
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15%         |     | 0% to 10%                    |     | 25%             |
| Total of Target Weighting                        |     | 100%        |     | —                            |     |                 |
| Total of Excess Potential Achievement Weightings |     | —           |     | 90%                          |     |                 |
| Maximum Corporate Performance                    |     |             |     | 190%                         |     |                 |
| Actual Total Weighted Performance(2)             |     |             |     |                              |     | 113%            |

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(1) “Operational EBITDA” or “OEBITDA” is defined to equal the OEBITDA we report as full-year performance, as determined by the Compensation Committee. OEBITDA is defined as earnings before interest, income taxes, depreciation and amortization, income (loss) on equity method investments, net, share-based compensation expenses and acquisition and related costs. We consider the loss on early extinguishment of debt to be financing-related costs associated with interest expense or amortization of financing fees, which by definition are excluded from OEBITDA.

(2) Our 2024 bonus plan specified that payouts would be rounded to the closest payout percentage integer.

• Operational EBITDA:

• An operational EBITDA target of $466.0 million, weighted at 65%, with a potential stretch payout for performance above the target level, with a maximum additional payout of 65% for performance at or above 106.2% of the target, and a potential lesser payout for performance below target level, with zero payout below 97.6% of the target.

• Strategic Goals:

• New product launch – a 5% target weighting for keeping a specified new product on track for a launch date;

• New services launch – a 5% target weighting for keeping a specified new service on track for a launch date;

• U.S. government services – a 5% target weighting for operationalizing key services for the U.S. government;

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• NB-IoT – a 5% target weighting for demonstrating a specified level of NB-IoT capability in a lab environment to enable future commercial introduction;

• U.S. government contract performance – a stretch payout of up to an additional 5% for earning a specified average payout for all fees received from a contract awarded by the U.S. government;

• Human capital management – a stretch goal