Comtech Telecommunications (CMTL) exec logs RSU vesting and 885-share tax withholding
Rhea-AI Filing Summary
Comtech Telecommunications Corp. officer Daniel Gizinski, President of the S&S Communications Segment, reported the vesting and conversion of 1,961 restricted stock units into an equal number of common shares on August 11, 2026. Of the shares received, 885 common shares were withheld at $1.73 per share to satisfy federal, state, and FICA tax obligations. Following the vesting, Gizinski held 140,621 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,076 shares
Net Buy
3 txns
Insider
Gizinski Daniel
Role
President, S&S Comm. Segment
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 1,961 | $0.00 | $0.00 |
| Exercise | Common Stock Par Value $0.10 Per Share F1 | 1,961 | -- | -- |
| Tax Withholding | Common Stock Par Value $0.10 Per Share F2 | 885 | $1.73 | $2K |
Holdings After Transaction:
Restricted Stock Units — 140,621 shares (Direct);
Common Stock Par Value $0.10 Per Share — 33,681 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. The 885 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 1,961 of the 5,883 restricted stock units issued to the Reporting Person on August 11, 2023.
Key Figures
RSUs vested and converted: 1,961 units
Common shares acquired from RSUs: 1,961 shares
Shares withheld for taxes: 885 shares
+2 more
5 metrics
RSUs vested and converted
1,961 units
Restricted stock units converting into common stock on August 11, 2026
Common shares acquired from RSUs
1,961 shares
Common Stock Par Value $0.10 Per Share received upon RSU vesting
Shares withheld for taxes
885 shares
Common shares withheld to pay federal, state, and FICA tax
Tax withholding price
$1.73 per share
Price used for the 885-share tax withholding transaction
RSUs remaining after vesting
140,621 units
Restricted stock units directly held following the 1,961-unit vesting
Key Terms
Restricted stock units, Exercise or conversion of derivative security, Federal Insurance Contributions Act ("FICA") tax
3 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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Federal Insurance Contributions Act ("FICA") tax financial
"shares withheld to pay the Reporting Person's federal, state, and Federal Insurance Contributions Act"
FAQ
What insider transaction did Comtech Telecommunications (CMTL) report for Daniel Gizinski?
Comtech reported that 1,961 restricted stock units held by Daniel Gizinski vested and converted into 1,961 common shares on August 11, 2026, as part of his equity compensation.
How many restricted stock units does Daniel Gizinski still hold at Comtech (CMTL)?
After the August 11, 2026 vesting, Daniel Gizinski directly held 140,621 restricted stock units, in addition to the common shares issued from the vested RSUs.
Was the Comtech (CMTL) Form 4 transaction under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes do not state that these transactions occurred under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
