Comtech (CMTL) legal chief vests 5,883 RSUs; 2,010 shares withheld for taxes
Rhea-AI Filing Summary
Comtech Telecommunications Corp. executive Donald E. Walther, Chief Legal Officer, reported equity compensation activity on August 11, 2026. A block of 5,883 restricted stock units from a grant originally issued on August 11, 2023 vested and converted into an equal number of common shares on a one-for-one basis. Of these, 2,010 shares were withheld by the company at a value of $1.73 per share to cover the reporting person’s federal, state and FICA tax obligations. Following this vesting event, the reporting person held 138,800 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,873 shares
Net Buy
3 txns
Insider
Walther Donald E.
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 5,883 | $0.00 | $0.00 |
| Exercise | Common Stock Par Value $.10 Per Share F1 | 5,883 | -- | -- |
| Tax Withholding | Common Stock Par Value $.10 Per Share F2 | 2,010 | $1.73 | $3K |
Holdings After Transaction:
Restricted Stock Units — 138,800 shares (Direct);
Common Stock Par Value $.10 Per Share — 66,515 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. The 2,010 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 5,883 of the 17,648 restricted stock units issued to the Reporting Person on August 11, 2023.
Key Figures
RSUs vested: 5,883 restricted stock units
Shares withheld for taxes: 2,010 shares
Withholding price: $1.73 per share
+2 more
5 metrics
RSUs vested
5,883 restricted stock units
Portion of 17,648-unit grant issued on August 11, 2023 that vested on August 11, 2026
Shares withheld for taxes
2,010 shares
Common shares withheld to pay federal, state and FICA tax on vesting
Withholding price
$1.73 per share
Value used for 2,010 withheld common shares for tax obligations
RSUs remaining after transaction
138,800 restricted stock units
Directly held restricted stock units following the August 11, 2026 vesting event
Original 2023 RSU grant portion
17,648 restricted stock units
Total RSUs issued to the reporting person on August 11, 2023, of which 5,883 vested
Key Terms
Restricted stock units, Federal Insurance Contributions Act ("FICA") tax, Common Stock Par Value $.10 Per Share
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."
FAQ
What insider transaction did Comtech (CMTL) report for Donald E. Walther?
Comtech (CMTL) reported that Chief Legal Officer Donald E. Walther had 5,883 restricted stock units vest and convert into common stock on August 11, 2026, as part of an equity compensation award granted in 2023.
What type of equity award vested for the Comtech (CMTL) Chief Legal Officer?
The Comtech (CMTL) Chief Legal Officer had restricted stock units (RSUs) vest. The filing notes that these RSUs convert into common stock on a one-for-one basis, resulting in the issuance of an equal number of common shares.
How many restricted stock units does the Comtech (CMTL) insider hold after the transaction?
After the reported transaction, the Comtech (CMTL) insider directly held 138,800 restricted stock units. This figure reflects the remaining unvested RSUs associated with the reporting person following the August 11, 2026 vesting event.
Was the Comtech (CMTL) insider transaction under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed, and no footnote describes a trading plan. The reported activity reflects equity award vesting and tax withholding, not an open-market buy or sell under a pre-arranged plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.