CMTL Form 4: Chief Legal Officer's RSU vesting and tax withholding disclosed
Rhea-AI Filing Summary
Donald E. Walther, Chief Legal Officer of Comtech Telecommunications Corp (CMTL), had 5,882 restricted stock units vest on 08/11/2025. The filing states RSUs convert one-for-one into common shares and that 1,959 shares were withheld to satisfy federal, state and FICA taxes at a reported price of $1.99 per share.
After these transactions the filing reports Mr. Walther beneficially owned 30,074 shares of common stock. The 5,882 vested units are part of 17,648 RSUs originally issued on August 11, 2023. The form was signed by an attorney-in-fact on 08/13/2025.
Positive
- 5,882 restricted stock units vested, converting to common stock on a one-for-one basis as disclosed.
- Tax withholding was processed via the withholding of 1,959 shares to satisfy federal, state and FICA liabilities, showing customary administration of the vesting.
Negative
- Beneficial ownership was reduced by 1,959 shares due to tax withholding, lowering the reporting person\'s direct holdings to 30,074 shares.
Insights
Routine executive compensation vesting; tax withholding only, likely neutral to market.
The Form 4 discloses the vesting of 5,882 restricted stock units for Donald E. Walther on 08/11/2025 and the withholding of 1,959 shares to cover federal, state and FICA taxes at $1.99 per share. This appears to be a compensatory vesting event, not an open-market sale, and the filing reports a post-transaction direct beneficial ownership of 30,074 shares. Given the size and nature of the transaction, it is unlikely to be materially market-moving.
Disclosure aligns with standard insider reporting and tax-withholding practices.
The reporting person is identified as Chief Legal Officer Donald E. Walther. The filing includes explicit explanations: RSUs convert one-for-one to common stock; 1,959 shares were withheld specifically for tax obligations; and 5,882 of the 17,648 RSUs issued on August 11, 2023 vested on the reported date. The form was executed by an attorney-in-fact, which is properly noted. There are no disclosures of additional sales, transfers, or changes in role in this filing.