Iridium grants PSUs up to $7M to CEO; approves 2024 bonus plan with EBITDA target

Iridium Communications Inc.

CEO Target Award $3.25M (Max $7M); CFO/COO each $1.25M ($2.5M max); EVPs $750K ($1.5M max).
PSU performance goals: 2025 Adjusted Service Revenue (ex-Russia) and combined 2024-25 Operational EBITDA (ex-Russia).
2024 Bonus Plan: CEO target 100% of salary, CFO/COO 80%, EVPs 65%; goals: OEBITDA, strategic goals, user satisfaction.
PSUs vest 50% in Q1 2026, 50% March 2027; change of control triggers target award.
Bonus: 60% of target via RSUs granted March 1, 2024, remainder cash; max 200% of target.

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