Comtech (CMTL) CFO Bondi vests 10,321 RSUs, withholds 5,269 shares for tax
Rhea-AI Filing Summary
Comtech Telecommunications Corp. Chief Financial Officer Michael Bondi reported equity compensation activity on August 11, 2026. 10,321 restricted stock units vested and were converted one-for-one into 10,321 shares of common stock. In connection with this vesting, 5,269 common shares were delivered or withheld for payment of the reporting person’s federal, state and FICA tax liability at a reference price of $1.73 per share. Following the derivative transaction, Bondi directly held 183,537 restricted stock units in addition to his common stock holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,052 shares
Net Buy
3 txns
Insider
BONDI MICHAEL
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 10,321 | $0.00 | $0.00 |
| Exercise | Common Stock Par Value $.10 Per Share F1 | 10,321 | -- | -- |
| Tax Withholding | Common Stock Par Value $.10 Per Share F2 | 5,269 | $1.73 | $9K |
Holdings After Transaction:
Restricted Stock Units — 183,537 shares (Direct);
Common Stock Par Value $.10 Per Share — 150,595 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. The 5,269 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 10,321 of the 30,963 restricted stock units issued to the Reporting Person on August 11, 2023.
Key Figures
RSUs vested: 10,321 units
Shares withheld for taxes: 5,269 shares
Tax withholding price: $1.73 per share
+1 more
4 metrics
RSUs vested
10,321 units
Restricted stock units vested and converted into common stock on August 11, 2026
Shares withheld for taxes
5,269 shares
Common shares delivered or withheld to pay federal, state and FICA taxes
Tax withholding price
$1.73 per share
Reference price used for the tax-withholding disposition of 5,269 shares
RSUs remaining
183,537 units
Restricted stock units directly held by the CFO after the derivative transaction
Key Terms
Restricted stock units, Federal Insurance Contributions Act ("FICA") tax, tax-withholding disposition
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.
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."
tax-withholding disposition financial
"transaction_code_description: Payment of tax liability by delivering or withholding securities"
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.
FAQ
What insider transaction did CMTL CFO Michael Bondi report on this Form 4?
CFO Michael Bondi reported the vesting and conversion of 10,321 restricted stock units into common stock on August 11, 2026, along with a related share withholding to cover his tax obligations.
How many Comtech (CMTL) RSUs vested for the CFO in this filing?
The filing shows that 10,321 restricted stock units vested for the CFO. These RSUs converted into 10,321 shares of common stock on a one-for-one basis as part of an equity compensation award granted in August 2023.
What RSU balance does the CMTL CFO report after this transaction?
After the August 11, 2026 vesting, the CFO reports holding 183,537 restricted stock units directly. These remaining RSUs are separate from his common stock holdings and may vest into additional shares in the future under their terms.
Was the CMTL CFO’s August 2026 equity transaction a market sale or purchase?
The activity involved RSU vesting and share withholding for taxes, not an open-market trade. Shares were acquired through RSU conversion, and some were delivered or withheld specifically to satisfy tax obligations at $1.73 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
