Company: IRDM
Filing Date: 2025-03-17
Form Type: PRE 14A
Source: 0001628280-25-013200
Chunk: 124

Company: Iridium Communications Inc.
Filing Date: 2025-03-17
Form: PRE 14A
Chunk 124
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 year (from the end of the prior year) in fair value of awards granted in a prior year that remained outstanding and unvested as of the end of the year: 2024 - $( 378,987); 2023 - $( 689,549); 2022 – $ 489,681; 2021 - $ 577,304; 2020 - $ 544,258; (4) the vesting date fair value of shares granted and vested in the current year: 2024 - $ 496,668; (5) the average change as of the vesting date (from the end of the prior year) in fair value of awards granted in a prior year for which all applicable vesting conditions were satisfied during the year: 2024 - $( 805,385); 2023 - $ 324,897; 2022 - $( 9,392); 2021 - $ 74,709; 2020 - $ 116,466; and (6) for awards granted in a prior year that failed to meet the applicable vesting conditions during the year, the average fair value of such awards at the end of the prior year: 2024 - $ 0; 2023 - $ 0; 2022 - $ 0; 2021 - $ 0; 2020 - $( 6,745).

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(5) The peer group used in this disclosure is the Nasdaq Telecommunications Index, which is our peer group used for purposes of Item 201(e) of Regulation S-K. The peer group used by our Compensation Committee for 2024 compensation decisions is described on page 51 of this proxy statement.

(6) “Operational EBITDA” or “OEBITDA” is the financial performance measure from the tabular list of 2024 Most Important Measures shown below, which, in our company’s assessment, represents the most important financial performance measure used to link compensation actually paid to our NEOs for 2024 to our performance. OEBITDA is defined as earnings before interest, income taxes, depreciation and amortization, gain (loss) on equity method investments, acquisition and related costs, share-based compensation expenses, and, for 2020 only, certain expenses associated with the construction of our Iridium NEXT satellite constellation, primarily in-orbit insurance. We consider the loss on early extinguishment of debt to be financing-related costs