Comtech grants legal chief 528,456 stock units
The units generally vest in three annual installments, subject to continued employee service, with cash payment within 60 days of each vesting.
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Rhea-AI Filing Summary
Comtech Telecommunications Corp. granted Chief Legal Officer Donald E. Walther 528,456 cash-settled restricted stock units on November 3, 2026. Each unit represents the right to a cash payment equal to the fair market value of one common share upon vesting.
The units generally vest in installments over three years, one-third on each of the first three grant anniversaries, assuming continued employee service. Payment is due within 60 days of vesting, less amounts withheld for federal, state and FICA taxes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Cash-settled Restricted Stock Units F1, F2 | 528,456 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
cash-settled restricted stock units financial
fair market value financial
Federal Insurance Contributions Act (FICA) regulatory
FAQ
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How many restricted stock units did CMTL's Chief Legal Officer receive?
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