Comtech CFO Vesting Adds 1,195 Shares; Net 126,391 Owned
Rhea-AI Filing Summary
The reporting person, Michael Bondi, had 1,195 restricted stock units (RSUs) vest on 08/10/2025, converting one-for-one into 1,195 common shares. To satisfy tax withholding obligations, 611 shares were withheld (recorded at $2.01 per share), leaving the reporting person with 126,391 shares beneficially owned following the transactions. The vesting represented part of an original grant of 5,976 RSUs issued on 08/10/2021.
This filing documents routine equity compensation activity: vesting increased the insider's share alignment with the company while withholding for taxes reduced the net shares delivered. No market purchases or sales or derivative exercises are reported.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine RSU vesting increases insider alignment; net shares delivered reduced by tax withholding—no material market activity.
The Form 4 shows the vesting of 1,195 RSUs that converted into the same number of common shares and the withholding of 611 shares to cover federal, state and FICA taxes at a recorded value of $2.01 per share. Net new shares to the reporting person are modest and this disclosure is a standard compensation event rather than a directional trading signal.
TL;DR: Disclosure of RSU vesting and tax withholding is standard and consistent with governance expectations; no red flags in the filing.
The filing identifies the reporting person as the Chief Financial Officer and documents that 1,195 of 5,976 RSUs granted on 08/10/2021 vested. The separate line showing 611 shares withheld for taxes and the explanation of withholding is clear and consistent with common equity-compensation practices. There is no indication of opportunistic trading or unusual derivative usage.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,195 | $0.00 | $0.00 |
| Exercise | Common Stock Par Value $.10 Per Share | 1,195 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock Par Value $.10 Per Share | 611 | $2.01 | $1K |
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. The 611 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 1,195 of the 5,976 restricted stock units issued to the Reporting Person on August 10, 2021.
FAQ
What did the CMTL Form 4 report?
How many RSUs were originally granted to the reporting person?
Were any open-market purchases or sales reported on this Form 4?
Who is the reporting person and what is their role at CMTL?
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