Company: IRDM
Filing Date: 2025-03-17
Form Type: PRE 14A
Source: 0001628280-25-013200
Chunk: 93

Company: Iridium Communications Inc.
Filing Date: 2025-03-17
Form: PRE 14A
Chunk 93
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 accelerated in the event of death, disability or a qualified retirement under our “sum of 70” program, which is described below under “Compensation Discussion and Analysis—Other Executive Compensation Matters—Sum of 70 Retirement and Benefits Upon Death or Disability.” The number of RSUs granted was equal to the grant value divided by $29.71, the closing price of our common stock on March 1, 2024, the date of grant of the RSUs, rounded down to the nearest whole share.

The service-based RSUs granted to our named executive officers in 2024 were as follows:

| Name                  |     | Value ($) |     | RSUs (#) |
| Matthew J. Desch      |     | 3,500,000 |     |  117,805 |
| Thomas J. Fitzpatrick |     | 1,250,000 |     |   42,073 |
| Suzanne E. McBride    |     | 1,250,000 |     |   42,073 |
| Bryan J. Hartin       |     |   750,000 |     |   25,244 |
| Scott T. Scheimreif   |     |   750,000 |     |   25,244 |

2024 Performance-Based RSU Grants. In addition, as described above, the Compensation Committee approved target performance-based share awards for our executive officers. The number of RSUs subject to the target performance-based share awards was equal to the target grant value divided by $29.71, the closing price of our common stock on March 1, 2024, the date of grant of the performance-based share awards, rounded down to the nearest whole share.

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The performance-based RSUs granted to our named executive officers in 2024 were as follows:

| Name                  |     | Target Value ($) |     | Target RSUs (#) |
| Matthew J. Desch      |     |        3,500,000 |     |         117,805 |
| Thomas J. Fitzpatrick |     |        1,250,000 |     |          42,073 |
| Suzanne E. McBride    |     |        1,250,000 |     |          42,073 |
| Bryan J. Hartin       |     |          750,000 |     |          25,244 |
| Scott T. Scheimreif   |     |