Company: IRDM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015183
Chunk: 100

Company: Iridium Communications Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 100
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 amount equal to the cash portion of his or her target annual incentive bonus, prorated based on the employee’s service during the performance period; (2) in the event of a participant’s death or disability on or after the bonus payout determination date but prior to the actual payment date for such awards, the participant will be paid the cash portion of his or her annual incentive bonus based on the actual level of achievement of the applicable performance goals; and (3) in the event of a participant’s qualifying “sum of 70” retirement between December 15 and February 1, and provided the participant provides us with at least six months’ advance notice of his or her intent to retire, the participant will (a) be paid the cash portion of his or her annual incentive bonus based on the actual level of achievement of the applicable performance goals and (b) fully vest in the equity portion of his or her annual incentive bonus.

Our executive officers do not receive any supplemental retirement benefits.

#### Perquisites
While they are a relatively small portion of our executives’ total direct compensation opportunities, perquisites and other executive benefits are important to ensure competitiveness at the senior leadership level. Since 2018, we have offered financial counseling and tax preparation services to our executive officers, other than our chief executive officer who is not eligible for such services. We believe that these benefits are important to ensure the financial health of our executive officers, which enables them to focus on our business. Beginning in 2024, we also offer our executive officers reimbursement for the cost of executive physicals and concierge medical services, the latter of which we provided on a tax-neutral basis. Individually and in the aggregate, we believe that the perquisites we provide to our NEOs are comparable in scope to those provided by the companies in our peer group. In considering potential perquisites, the Compensation Committee compares the cost to the value of providing these benefits.

#### Accounting and Tax Considerations
Under Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“FASB ASC 718”), we are required to estimate and record an expense for each award of equity compensation over the vesting period of the award. We record share-based compensation expense on an ongoing basis according to ASC 718.

Under Section 162(m) of the Code, compensation paid to each of our “covered employees” that exceeds $1 million per taxable year is generally non-deductible, excluding certain performance-based compensation that qualifies for an exception pursuant to the transition relief provided by the Tax Cuts and Jobs