Company: IRDM
Filing Date: 2025-03-17
Form Type: PRE 14A
Source: 0001628280-25-013200
Chunk: 40

Company: Iridium Communications Inc.
Filing Date: 2025-03-17
Form: PRE 14A
Chunk 40
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 Section 162(m) - related references and provisions. The removal of certain references to and provisions regarding Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), that are no longer applicable pursuant to the Tax Cuts and Jobs Act, including individual award limits previously required by Section 162(m) of the Code .

#### Key Plan Features
The Amended 2015 Plan includes provisions that are designed to protect our stockholders’ interests and to reflect corporate governance best practices, including:

• No liberal share counting or recycling . The following shares will not become available again for issuance under the Amended 2015 Plan: (i) shares that are reacquired or withheld (or not issued) by us to satisfy the exercise or purchase price of a stock award; (ii) shares that are reacquired or withheld (or not issued) by us to satisfy a tax withholding obligation in connection with a stock award; (iii) any shares repurchased by us on the open market with the proceeds of the exercise or purchase price of a stock award and (iv) in the event a stock appreciation right is settled in shares, the gross number of shares subject to such award.

• Minimum vesting requirements . The Amended 2015 Plan provides that no award will vest until at least 12 months following the date of grant of the award; provided, however , that up to 5% of the aggregate number of shares that may be issued under the Amended 2015 Plan may be subject to awards that do not meet such vesting requirements.

• Specific disclosure of award vesting upon corporate transaction or change in control . The Amended 2015 Plan specifically provides that if any outstanding awards granted under the Amended 2015 Plan after it is in effect that are held by participants who have not terminated service prior to a change in control or corporate transaction are not assumed, continued or substituted for by the acquiror (or its parent) in the change in control or corporate transaction, the vesting of such awards will be accelerated in full, and with respect to any awards subject to performance-based vesting, vesting will be deemed satisfied at the greater of the target level or actual performance measured in accordance with the applicable performance goals as of the date of the transaction.

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• Clawback/recovery . Awards granted under the Amended 2015 Plan will be subject to recoupment in accordance with the following, as applicable: (i