Comtech grants CEO Kenneth Traub 1.21M stock units
The Chairman, President and CEO's share awards generally vest over three anniversaries; cash-settled awards pay one share's fair market value at vesting.
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
Comtech Telecommunications Corp. reported that Chairman, President and CEO Kenneth Traub was granted 1,214,093 restricted stock units and 1,062,330 cash-settled restricted stock units on November 3, 2026. Both generally vest in one-third installments on the first, second and third grant anniversaries, subject to continued employee service. Vested share units are delivered within 60 days; cash-settled units pay the fair market value of one common share at vesting, less federal, state and FICA tax withholding, within 60 days. His reported post-grant positions were 1,630,401 restricted stock units and 1,062,330 cash-settled restricted stock units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 1,214,093 | $0.00 | $0.00 |
| Grant/Award | Cash-settled Restricted Stock Units F3, F4 | 1,062,330 | $0.00 | $0.00 |
Footnotes (4)
- F1. Restricted stock units 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 of the unit.
- F2. Generally, the restricted stock units will vest in installments over a three year period, at a rate of one-third on the first through third anniversaries of the grant, assuming continued service as an employee. Shares of common stock corresponding to vested units will be delivered to the Reporting Person within 60 days of vesting.
- F3. Cash-settled restricted stock units were granted under the Company's 2023 Equity and Incentive Plan, and represent the right to receive a cash payment equal to the fair market value of one share of common stock of Comtech Telecommunications Corp. upon vesting of the unit.
- F4. Generally, the cash-settled restricted stock units will vest in installments over a three-year period, at a rate of one-third on the first through third anniversaries of the grant, assuming continued service as an employee. The Reporting Person shall receive a cash payment equal to the fair market value of one share of common stock, determined on the applicable vesting date, with respect to each vested RSU subject to the award, within 60 days of vesting, less any amount withheld to satisfy the Reporting Persons federal, state, and Federal Insurance Contributions Act ("FICA") tax.
Key Figures
Key Terms
Restricted stock units financial
Cash-settled restricted stock units financial
fair market value financial
Federal Insurance Contributions Act regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many CMTL awards did Kenneth Traub receive?
Which plan covered Kenneth Traub's CMTL awards?
AI-generated analysis. How Rhea-AI works. Not financial advice.