In 2023, Matthew J. Desch earned $8.35M in total compensation at Iridium Communications, including $1.00M salary, $1.00M bonus and $6.35M in stock. Most recently acquired 223,261 shares in Mar 2024. Currently holds stock worth $20.44M. Has donated $1.78M in stock to charitable causes. Led Iridium Communications as CEO for 17 years.
Compensation History
Annual executive compensation data for Matthew J. Desch, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$8.35M
Salary
$1.00M
Bonus
$1.00M
Other
$0.00
Salary
$1.00MBoard Justification
The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and stockholder interests.
Bonus
$1.00MBoard Justification
The annual incentive bonus is based on performance goals set by the Compensation Committee for the year, with a target bonus equal to 100% of his then-current base salary.
Other Compensation
$0.00Board Justification
Restricted Stock
Board Justification
The stock awards that vested in 2023 were based on performance criteria achieved, including RSUs granted under the 2023 bonus plan.
Performance Metrics
The performance metrics for the CEO's compensation include operational EBITDA and achievement of strategic and operational goals.
Matthew J. Desch
Ex-CEO of Iridium Communications
Education
Bachelor of Science in Electrical Engineering from the University of Maryland and a Master of Business Administration from the Wharton School of the University of Pennsylvania.
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Communication Services
Born
January 1, 1968 - 57 years ago
CEO of Iridium Communications for
17 years 7 months (Feb 2006 - Sep 2023)
Previous Experience
Prior to joining Iridium, Mr. Desch served as the Chief Executive Officer of a telecommunications company and has extensive experience in the satellite communications industry.
Other Iridium Communications CEOs
Holdings
Track Matthew J. Desch's stock holdings and portfolio value over time.
Total Stock Sold
$45.58M
$45.58M
1,219,628 IRDM shares
What if they kept their stock?
If Matthew J. Desch didn't sell their stock, today they would have:
Extra IRDM1,219,628 shares worth $21.64M.
This is -52.53% and $23.94M less than what they got when they sold the stock.
Charitable Transactions
100,130 shares
IRDM
Recent Charitable Transactions
15,800 shares
IRDM
Feb 22, 2023
Charity
38,000 shares
IRDM
Dec 1, 2022
Charity
1,000 shares
IRDM
Dec 1, 2021
Charity
10,000 shares
IRDM
Sep 1, 2021
Charity
21,000 shares
IRDM
Mar 1, 2021
Charity
14,330 shares
IRDM
Dec 9, 2020
Charity
Insider Trading
Matthew J. Desch's recent stock transactions, purchases, and sales filed with the SEC.
223,261 shares
IRDM
Mar 1, 2024
Received
36,037 shares
UIS
Feb 26, 2024
Received
$1.04M
IRDM at $37.01/share
Nov 20, 2023
Purchase
$193.25K
UIS at $3.87/share
May 9, 2023
Purchase
13,191 shares
IRDM
Mar 2, 2023
Received
114,092 shares
IRDM
Mar 1, 2023
Received
40,161 shares
UIS
Feb 28, 2023
Received
15,800 shares
IRDM
Feb 22, 2023
Charity
$6.29M
IRDM at $62.82/share
Feb 22, 2023
Sale
$1.81M
IRDM at $60.07/share
Jan 12, 2023
Sale
Rivals
Compare Matthew J. Desch with competitor CEOs and industry peers.