Iridium adopts new annual bonus plan and executive severance plan for 2026

Iridium Communications Inc.

2026 bonus plan: target award = salary × committee-approved %; actual capped at 200% of target.
Bonus can be paid in cash, RSUs, or both; recoupable under clawback policy.
Severance plan: CEO gets 18 months' salary non-CIC, 2X (salary + target bonus) in CIC; other NEOs get 12 months or 1.5X.
CIC severance includes 100% equity acceleration; benefits require waiver, non-compete, non-solicit compliance.
Plan supersedes prior severance terms in employment agreements for participating executives.

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