Matthew J.  Desch net worth and biography

Matthew Desch Biography and Net Worth

Matthew J. Desch has served as our Chief Executive Officer and a director of our company since September 2009 and 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 now part of Ericsson. Previously, he spent 13 years at Nortel Networks Corporation, including as a President from 1996 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 is 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.

What is Matthew J. Desch's net worth?

The estimated net worth of Matthew J. Desch is at least $20.32 million as of November 20th, 2023. Mr. Desch owns 706,912 shares of Iridium Communications stock worth more than $20,316,651 as of April 24th. This net worth evaluation does not reflect any other assets that Mr. Desch may own. Additionally, Mr. Desch receives a salary of $1,450,000.00 as CEO at Iridium Communications. Learn More about Matthew J. Desch's net worth.

How old is Matthew J. Desch?

Mr. Desch is currently 66 years old. There are 5 older executives and no younger executives at Iridium Communications. Learn More on Matthew J. Desch's age.

What is Matthew J. Desch's salary?

As the CEO of Iridium Communications Inc., Mr. Desch earns $1,450,000.00 per year. Learn More on Matthew J. Desch's salary.

How do I contact Matthew J. Desch?

The corporate mailing address for Mr. Desch and other Iridium Communications executives is 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA, 22102. Iridium Communications can also be reached via phone at (703) 287-7400 and via email at [email protected]. Learn More on Matthew J. Desch's contact information.

Has Matthew J. Desch been buying or selling shares of Iridium Communications?

Matthew J. Desch has not been actively trading shares of Iridium Communications over the course of the past ninety days. Most recently, on Monday, November 20th, Matthew J. Desch bought 28,000 shares of Iridium Communications stock. The stock was acquired at an average cost of $37.01 per share, with a total value of $1,036,280.00. Following the completion of the transaction, the chief executive officer now directly owns 706,912 shares of the company's stock, valued at $26,162,813.12. Learn More on Matthew J. Desch's trading history.

Who are Iridium Communications' active insiders?

Iridium Communications' insider roster includes Thomas Canfield (Director), Matthew Desch (CEO), Thomas Fitzpatrick (CFO), Leon Frazier (Director), Bryan Hartin (EVP), Thomas Hickey (Insider), Timothy Kapalka (VP), Alvin Krongard (Director), Suzanne Mcbride (Insider), Kathleen Morgan (Insider), Robert Niehaus (Director), Steven Pfeiffer (Director), Parker Rush (Director), Scott Scheimreif (EVP), Henrik Schliemann (Director), and Barry West (Director). Learn More on Iridium Communications' active insiders.

Are insiders buying or selling shares of Iridium Communications?

During the last year, Iridium Communications insiders bought shares 1 times. They purchased a total of 28,000 shares worth more than $1,036,280.00. During the last year, insiders at the technology company sold shares 2 times. They sold a total of 35,964 shares worth more than $2,340,303.29. The most recent insider tranaction occured on November, 20th when CEO Matthew J Desch bought 28,000 shares worth more than $1,036,280.00. Insiders at Iridium Communications own 2.0% of the company. Learn More about insider trades at Iridium Communications.

Information on this page was last updated on 11/20/2023.

Matthew J. Desch Insider Trading History at Iridium Communications

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
11/20/2023Buy28,000$37.01$1,036,280.00706,912View SEC Filing Icon  
2/22/2023Sell100,058$62.82$6,285,643.56612,067View SEC Filing Icon  
1/11/2023Sell8,922$59.99$535,230.78548,531View SEC Filing Icon  
1/9/2023Sell2,800$59.99$167,972.00592,291View SEC Filing Icon  
1/5/2023Sell22,433$54.30$1,218,111.90604,299View SEC Filing Icon  
1/3/2023Sell21,769$54.24$1,180,750.56636,781View SEC Filing Icon  
11/7/2022Sell12,353$52.21$644,950.13699,962View SEC Filing Icon  
11/4/2022Sell100$51.95$5,195.00712,315View SEC Filing Icon  
2/18/2021Sell62,087$48.32$3,000,043.84
12/9/2020Sell65,133$34.90$2,273,141.70807,916View SEC Filing Icon  
12/7/2020Sell64,845$34.71$2,250,769.95789,030View SEC Filing Icon  
12/4/2020Sell10,865$34.41$373,864.65789,030View SEC Filing Icon  
12/1/2020Sell46,956$33.04$1,551,426.24846,851View SEC Filing Icon  
11/27/2020Sell6,029$32.91$198,414.39857,262View SEC Filing Icon  
11/24/2020Sell200$32.91$6,582.00857,262View SEC Filing Icon  
10/20/2020Sell92,069$30.00$2,762,070.00949,531View SEC Filing Icon  
7/28/2020Sell200,000$28.50$5,700,000.001,061,846View SEC Filing Icon  
2/11/2020Sell93,750$30.11$2,822,812.50804,198View SEC Filing Icon  
1/16/2020Sell20,639$28.04$578,717.56977,309View SEC Filing Icon  
11/19/2018Sell274,075$21.53$5,900,834.751,200,754View SEC Filing Icon  
9/9/2016Buy15,000$6.98$104,700.00554,040View SEC Filing Icon  
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Matthew J. Desch Buying and Selling Activity at Iridium Communications

This chart shows Matthew J Desch's buying and selling at Iridium Communications by year and by quarter.

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Iridium Communications Company Overview

Iridium Communications logo
Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services; and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and other government agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. is headquartered in McLean, Virginia.
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Today's Range

Now: $28.74
Low: $27.76
High: $28.80

50 Day Range

MA: $27.51
Low: $24.65
High: $35.04

2 Week Range

Now: $28.74
Low: $24.14
High: $68.34

Volume

1,630,858 shs

Average Volume

1,166,379 shs

Market Capitalization

$3.49 billion

P/E Ratio

136.86

Dividend Yield

1.85%

Beta

0.85