Iridium approves 2023 performance share awards and bonus plan for executives

Iridium Communications Inc.

CEO Matthew Desch gets $3.5M target award ($5.25M max) under performance share program.
Performance goal is growth of average service revenue for 2023-2024 excluding Russian ops.
CEO target bonus percentage 100% of base salary; CFO and COO at 80%; EVPs at 65%.
Bonus awards capped at 180% of target; 60% in restricted stock units, rest in cash.
Awards vest 50% in Q1 2025 and 50% in March 2026, subject to continued employment.

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