Comtech director granted 36,620 restricted shares
RAYMOND MARY JANE reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
RAYMOND MARY JANE reported acquisition or exercise transactions in this Form 4 filing.
Comtech Telecommunications Corp. director Mary Jane Raymond received a grant of 36,620 shares of common stock as a restricted stock award. The award was made at no cash cost to her under the company’s 2023 Equity and Incentive Plan, bringing her direct holdings to 36,620 shares.
The restricted stock generally vests in full on the earlier of the one-year anniversary of the grant date or the company’s next annual meeting of stockholders, provided that meeting occurs at least 50 weeks after the prior annual meeting and she continues in service through the vesting date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock Par Value $0.10 Per Share | 36,620 | $0.00 | $0.00 |
Footnotes (2)
- F1. Restricted stock awards were granted under the Company's 2023 Equity and Incentive Plan, and represent the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting.
- F2. The award will generally vest in full on the earlier of (i) the one-year anniversary of the Grant Date; or (ii) the date of the Company's next annual meeting of stockholders following the Grant Date, provided that such meeting occurs at least fifty (50) weeks after the Company's immediately preceding year's annual meeting of stockholders, in each case, subject to continued service through such vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Comtech (CMTL) report for Mary Jane Raymond?
Was the Comtech (CMTL) restricted stock grant to Mary Jane Raymond an open-market purchase?
AI-generated analysis. How Rhea-AI works. Not financial advice.