Comtech (CMTL) director awarded 36,620 restricted stock units in Form 4 filing
Rhea-AI Filing Summary
Hildebrandt Michael reported acquisition or exercise transactions in this Form 4 filing.
Comtech Telecommunications Corp. director Michael Hildebrandt reported an equity compensation grant of 36,620 shares of common stock in the form of restricted stock awarded at no purchase price. These shares were granted under the company’s 2023 Equity and Incentive Plan.
The restricted stock generally vests in full on the earlier of the one-year anniversary of the grant date or the company’s next annual meeting of stockholders, subject to continued service and timing conditions described in the award. Following this grant, Hildebrandt directly holds 73,836 shares of Comtech common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock Par Value $0.10 Per Share | 36,620 | $0.00 | -- |
Footnotes (1)
- 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. 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
What insider transaction did Comtech (CMTL) director Michael Hildebrandt report?
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What are the vesting terms of the Comtech (CMTL) restricted stock granted to Hildebrandt?
Under which plan was the Comtech (CMTL) restricted stock granted to the director?