Comtech director granted 36,620 restricted shares
Sprung Lloyd A. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Sprung Lloyd A. reported acquisition or exercise transactions in this Form 4 filing.
Comtech Telecommunications Corp. director Lloyd A. Sprung received a grant of 36,620 shares of restricted common stock. These awards were granted under the company’s 2023 Equity and Incentive Plan and will generally vest in full on the earlier of one year after the grant date or the next annual stockholders’ meeting, subject to continued service.
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
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What insider transaction did Comtech (CMTL) report for Lloyd A. Sprung?
What type of equity award did Comtech (CMTL) grant to its director?
Is the Comtech (CMTL) Form 4 transaction a market purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.