Comtech (CMTL) CEO reports 54,645 RSU vesting and tax share withholding
Rhea-AI Filing Summary
Comtech Telecommunications Corp. Chairman, President and CEO Kenneth Traub reported equity award activity on January 23, 2026. A block of 54,645 restricted stock units vested and converted into the same number of shares of common stock at an exercise price of $0 per share. Of these shares, 22,439 were withheld at $5.87 per share to cover federal, state and FICA tax obligations, leaving 58,440 common shares beneficially owned directly after the transactions.
Following the vesting, Traub also reports holding 416,308 restricted stock units, which each convert into one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 54,645 | $0.00 | -- |
| Exercise | Common Stock Par Value $0.10 Per Share | 54,645 | $0.00 | -- |
| Tax Withholding | Common Stock Par Value $0.10 Per Share | 22,439 | $5.87 | $132K |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. The 22,439 reflected on this table represents the shares withheld to pay the Reporting Person's federal, state, and Federal Insurance Contributions Act ("FICA") tax. This transaction represents the vesting of 54,645 of the 163,935 restricted stock units issued to the Reporting Person on January 23, 2025.
FAQ
What insider transaction did Comtech (CMTL) report for Kenneth Traub?
The filing shows that on January 23, 2026, Chairman, President and CEO Kenneth Traub had 54,645 restricted stock units vest and convert into common stock, with a portion of the shares withheld for taxes.
How many restricted stock units does Kenneth Traub hold after the vesting at Comtech (CMTL)?
Following the January 23, 2026 vesting, Kenneth Traub beneficially owns 416,308 restricted stock units, each representing the right to receive one share of common stock.
What do the Comtech (CMTL) Form 4 footnotes say about the transactions?
The footnotes explain that restricted stock units convert into common stock on a one-for-one basis, identify the 22,439 shares as tax-withholding shares, and note that the transaction reflects the vesting of 54,645 of 163,935 restricted stock units originally granted on January 23, 2025.