Matthew Desch Net Worth
The estimated Net Worth of Matthew J Desch is at least $33.4 Million dollars as of 19 November 2018. Mr. Desch owns over 400,000 units of Iridium Communications stock worth over $30,000,839 and over the last 10 years he sold IRDM stock worth over $5,503. In addition, he makes $3,348,520 as Chief Executive Officer and Director at Iridium Communications.
Mr. Desch IRDM stock SEC Form 4 insider trading
Matthew has made over 10 trades of the Iridium Communications stock since 2011, according to the Form 4 filled with the SEC. Most recently he exercised 400,000 units of IRDM stock worth $3,492,000 on 19 November 2018.
The largest trade he’s ever made was exercising 400,000 units of Iridium Communications stock on 19 November 2018 worth over $3,492,000. On average, Matthew trades about 14,913 units every 46 days since 2009. As of 19 November 2018 he still owns at least 1,200,754 units of Iridium Communications stock.
You can see the complete history of Mr. Desch stock trades at the bottom of the page.
Matthew Desch biography
Matthew J. Desch serves as Chief Executive Officer, Director of Iridium Communications Inc., Mr. Matthew previously served as Chief Executive Officer of our predecessor, Iridium Holdings LLC, from August 2006 to September 2009. From 2002 to 2005, Mr. Desch served as Chief Executive Officer of Telcordia Technologies, Inc., a telecommunications software services provider. Previously, he spent 13 years at Nortel Networks Corporation, including as President of its global wireless networks business from 1996 to 1999 and as President of Global Carriers from 1999 to 2000. He also serves on the President’s National Security Telecommunications Advisory Committee and has served as a director of Unisys Corporation, a publicly traded global information technology company, since January 2019 and as a member of its Compensation Committee. Mr. Desch received a Bachelor of Science degree in Computer Science from The Ohio State University and a Master of Business Administration degree from the University of Chicago. Our Board of Directors believes Mr. Desch’s qualifications to serve on our Board include his deep knowledge of our company gained from his position as our Chief Executive Officer and previously as the Chief Executive Officer of Iridium Holdings, as well as his extensive experience in the telecommunications industry.
What is the salary of Matthew Desch?
As the Chief Executive Officer and Director of Iridium Communications, the total compensation of Matthew Desch at Iridium Communications is $3,348,520. There are no executives at Iridium Communications getting paid more.
How old is Matthew Desch?
Matthew Desch is 61, he’s been the Chief Executive Officer and Director of Iridium Communications since 2009. There are 7 older and 6 younger executives at Iridium Communications. The oldest executive at Iridium Communications, Inc. is Alvin Krongard, 82, who is the Independent Director.
What’s Matthew Desch’s mailing address?
Matthew’s mailing address filed with the SEC is C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN, VA, 22102.
Insider trading at Iridium Communications
Over the last 10 years, insiders at Iridium Communications have traded over $87,789,206 worth of Iridium Communications stock and bought 1,168,653 units worth $8,330,900 . The most active insider traders include & Co Inc Greenhill, Terry L Jones, and Scott L Bok. On average, Iridium Communications executives and independent directors trade stock every 8 days with the average trade being worth of $786,878. The most recent stock trade was executed by Timothy Kapalka on 5 November 2019, trading 25,000 units of IRDM stock currently worth $281,250.
What does Iridium Communications do?
Iridium Communications, Inc. is a mobile voice and data satellite communications network. Its satellite network provides communication where terrestrial wireless or wireline networks do not exist or are limited. The company’s principal lines of business include Land Mobile, Maritime, Aviation, and Government. The Land Mobile business engages in the provision of mobile satellite communications services to the land mobile sector, providing handset services to areas not served or inconsistently served by existing terrestrial communications networks. The Maritime business provides broadband terminals, embedded devices and handsets. Its market space includes merchant shipping, fishing, research vessels and specialized water craft. The Aviation business provides mobile satellite communications services to the aviation sector. Its services are used in commercial and global government aviation applications, principally by corporate jets, corporate and government helicopter fleets, specialized general aviation fleets, such as medevac companies and fire suppression fleets, and high-end personal aircraft. The Government business line involves in the provision of mobile satellite communications services to the U.S. government, principally the Department of Defense. Its voice products are used for a variety of primary and backup communications solutions, including tactical operations, logistical, administrative, morale and welfare, and emergency communications. The firm’s commercial services include: Postpaid Mobile Voice and Data Satellite Communications; Prepaid Mobile Voice Satellite Communications; Iridium PTT; Broadband Data; and Machine-to-Machine services. Iridium Communications was founded on November 2, 2007 and is headquartered in McLean, VA.
What does Iridium Communications’s logo look like?
Complete history of Mr. Desch stock trades at Iridium Communications and Unisys
Iridium Communications executives and stock owners
Iridium Communications executives and other stock owners filed with the SEC include:
- Matthew Desch, Chief Executive Officer, Director
- Thomas Fitzpatrick, Chief Financial Officer, Chief Administrative Officer, Director
- Thomas Hickey, Chief Legal Officer, Secretary
- Bryan Hartin, Executive Vice President – Sales and Marketing
- Robert Niehaus, Independent Chairman of the Board
- Parker Rush, Independent Director
- Alvin Krongard, Independent Director
- Steven Pfeiffer, Independent Director
- Eric Olson, Independent Director
- Barry West, Independent Director
- Henrik Schliemann, Independent Director
- Jane Harman, Independent Director
- Thomas Canfield, Independent Director
- Kenneth Levy, Vice President, Investor Relations
- Scott Scheimreif, Executive Vice President – Government Programs
- Suzi McBride, Chief Operating Officer
- A B Krongard, Director
- S. Scott Smith, EVP, Iridium NEXT
- Richard P Nyren, VP-Iridium Satellite LLC
- Ltdbin Abdullah Bin Abdulra…,
- Timothy Kapalka, VP Iridium Satellite LLC
- Suzanne E. Mc Bride, Chief Operations Officer
- & Co Inc Greenhill, 10% owner
- John Michael Roddy, EVP, Iridium Satellite LLC
- Scott L Bok, Director
- Peter Dawkins, Director
- Donald Lee Thoma, EVP, Iridium Satellite LLC
- J. Darrel Barros, Director
- Gregory C. Ewert, EVP, Iridium Satellite LLC
- John Howard Campbell, EVP, Iridium Satellite LLC
- Terry L Jones, Director
- Cynthia Cammett Cann, VP, Iridium Satellite LLC
- John S. Brunette, Chief Legal & Admin Officer
- Eric Henry Morrison, Chief Financial Officer
- Lee F Demitry, EVP, Iridium Satellite LLC