Comtech executive nets shares after RSU vesting
Comtech Telecommunications executive Jeffery Paul Robertson exercised restricted stock units and had shares withheld for taxes.
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Form Type
4
Rhea-AI Filing Summary
Comtech Telecommunications executive Jeffery Paul Robertson exercised restricted stock units and had shares withheld for taxes. On this date, 38,910 restricted stock units converted into an equal number of common shares, while 19,798 shares were withheld to cover federal, state and FICA tax obligations.
After these transactions, he directly held 65,957 shares of common stock and 163,703 restricted stock units, reflecting a routine compensation-related vesting and tax-withholding event rather than an open-market trade.
Insider Trade Summary
38,910 shares exercised/converted
Exercise
3 txns
Insider
Robertson Jeffery Paul
Role
President, Allerium Segment
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 38,910 | $0.00 | $0.00 |
| Exercise | Common Stock Par Value $0.10 Per Share | 38,910 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock Par Value $0.10 Per Share | 19,798 | $5.64 | $112K |
Holdings After Transaction:
Restricted Stock Units — 163,703 contracts (Direct);
Common Stock Par Value $0.10 Per Share — 65,957 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. The 19,798 reflected on this table represents the shares withheld to pay the Reporting Person's federal, state, and Federal Insurance Contributions Act ("FICA") tax.
- F3. This transaction represents the vesting of 38,910 of the 116,732 restricted stock units issued to the Reporting Person on June 3, 2024.
Key Figures
RSUs vested: 38,910 units
Shares withheld for taxes: 19,798 shares
Price used for tax withholding: $5.64 per share
+3 more
6 metrics
RSUs vested
38,910 units
Restricted stock units converting one-for-one into common stock
Shares withheld for taxes
19,798 shares
Withheld to pay federal, state and FICA tax
Price used for tax withholding
$5.64 per share
Value applied to shares withheld in F-code transaction
Common shares after transaction
85,755 shares
Direct Comtech common stock holdings following transactions
RSUs remaining after vesting
163,703 units
Restricted stock units held after 38,910-unit vesting
Tax-withholding transaction shares
19,798 shares
F-code tax-withholding disposition on common stock
Key Terms
Restricted stock units, tax-withholding disposition, derivative security, Federal Insurance Contributions Act ("FICA") tax
4 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Federal Insurance Contributions Act ("FICA") tax financial
"represents the shares withheld to pay the Reporting Person's federal, state, and Federal Insurance Contributions Act ("FICA") tax."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Comtech (CMTL) report for Jeffery Paul Robertson?
Comtech reported that executive Jeffery Paul Robertson had restricted stock units vest into common shares, with some shares withheld for taxes. This represents a routine compensation-related event rather than an open-market purchase or sale of Comtech stock.
How many Comtech (CMTL) restricted stock units vested for Jeffery Paul Robertson?
A total of 38,910 restricted stock units vested for Jeffery Paul Robertson and converted into common stock on a one-for-one basis. These units were part of a larger 116,732-unit grant originally issued to him on June 3, 2024.
What are Jeffery Paul Robertson’s Comtech (CMTL) common stock holdings after the transactions?
Following the Form 4 transactions, Jeffery Paul Robertson directly held 85,755 shares of Comtech common stock. This figure reflects his position after both the restricted stock unit vesting and the shares withheld for tax obligations on the same date.
How many Comtech (CMTL) restricted stock units does Jeffery Paul Robertson still hold?
After the reported vesting event, Jeffery Paul Robertson held 163,703 restricted stock units. These remaining units represent unvested or unconverted equity awards that may convert into common shares in the future under their respective vesting terms.
Was the Comtech (CMTL) Form 4 transaction an open-market buy or sell?
The Form 4 does not show an open-market buy or sell. Instead, it records restricted stock units converting into common stock and shares withheld for taxes, which are compensation and tax events rather than discretionary trading in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
