---
schema_version: "secwatch.filing_event.v1"
accession: "0001418819-26-000014"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2026-02-27T23:59:59+00:00"
generated_at: "2026-05-15T23:01:00.389330+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001418819-26-000014
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2026-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418819/000141881926000014/0001418819-26-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000141881926000014/irdm-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418819-26-000014
- JSON: https://secwatch.observer/filing/0001418819-26-000014.json
- Plain text: https://secwatch.observer/filing/0001418819-26-000014.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.