Company: IRDM
Filing Date: 2025-03-17
Form Type: PRE 14A
Source: 0001628280-25-013200
Chunk: 104

Company: Iridium Communications Inc.
Filing Date: 2025-03-17
Form: PRE 14A
Chunk 104
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uant to SEC rules, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions, and, for performance-based RSUs, the amounts represent the value based on the probable outcome of the performance conditions in accordance with FASB ASC Topic 718. For the performance-based RSUs included in this column for 2024, the grant date fair values based on the target level of achievement, which was considered to be the probable outcome on the date of grant, were $4,094,319 for Mr. Desch, $1,535,275 for Mr. Fitzpatrick, $1,470,300 for Ms. McBride, $902,085 for Mr. Hartin and $897,748 for Mr. Scheimreif. Assuming the highest level of achievement of all performance-based RSUs granted in 2024, the grant date values for performance-based RSUs would be $7,594,292 for Mr. Desch, $2,785,253 for Mr. Fitzpatrick, $2,720,278 for Ms. McBride, $1,652,083 for Mr. Hartin and $1,647,746 for Mr. Scheimreif. Assumptions used in the calculation of these amounts are included in Note 11 to our consolidated financial statements included in our annual report on Form 10-K for the year ended December 31, 2024. A portion of the performance-based RSUs included in these amounts reflect the equity portion of the annual incentive plan, which was earned for a performance period that ended as of the end of the respective year but was paid during the first quarter of the following year. See “Compensation Discussion and Analysis—Executive Compensation Program—Reasons for Providing, and Manner of Structuring, the Key Compensation Elements in 2024—Annual Incentive Bonus Program”.

(3) The amounts in this column reflect cash incentive bonuses earned during the respective year and paid during the first quarter of the following year. See “Compensation Discussion and Analysis—Executive Compensation Program—Reasons for Providing, and Manner of Structuring, the Key Compensation Elements in 2024—Annual Incentive Bonus Program”.

(4) For 2024, consists of (i) 401(k) matching contributions of $17,250, (ii) life, accident and long-term disability insurance premiums paid on behalf of the executive officer, (iii) financial counseling and tax preparation services provided to executives, other than Mr.