CMTL Form 4: Daniel Gizinski Vesting of 1,961 RSUs on 08/11/2025
Rhea-AI Filing Summary
Daniel Gizinski, President of the S&S Commercial Segment at Comtech Telecommunications (CMTL), filed a Form 4 reporting the vesting of restricted stock units on 08/11/2025. The filing shows 1,961 RSUs vested from a grant of 5,883 awarded on August 11, 2023, and that 885 shares were withheld to cover federal, state and FICA taxes at a reported withholding price of $1.99. The report lists the reporting person’s role and provides multiple post-transaction beneficial ownership figures as shown on the form, and it was signed by an attorney-in-fact on 08/13/2025. The RSUs convert to common stock on a one-for-one basis, as stated in the filing.
Positive
- 1,961 restricted stock units vested, converting one-for-one into common shares per the filing
- Disclosure includes tax withholding details (885 shares withheld at $1.99), improving transparency
Negative
- 885 shares were withheld to cover taxes, reducing the net shares delivered to the reporting person
Insights
TL;DR: Routine officer RSU vesting; acquisition of 1,961 shares with 885 withheld for taxes, limited market impact.
The Form 4 documents a grant vesting event rather than an open-market sale, reporting 1,961 restricted stock units vested and 885 shares withheld for taxes at $1.99. This is a common compensation-related filing and does not indicate a disposition to the market. The filing includes multiple reported post-transaction beneficial ownership totals; the RSUs convert one-for-one to common shares, increasing the reporting person’s direct holdings by the net vested amount. For investors, this is routine insider compensation disclosure rather than a liquidity-driven sale.
TL;DR: Governance disclosure is complete for the vesting event; tax withholding and signature by attorney-in-fact are properly documented.
The Form 4 identifies the reporting person and role, specifies the 08/11/2025 transaction date, explains that RSUs convert one-for-one to common stock, and discloses that 885 shares were withheld to satisfy tax obligations. The form is signed via attorney-in-fact, which is permitted and noted. This filing fulfills Section 16 reporting requirements for an officer RSU vesting and provides transparency on the mechanics of the transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,961 | $0.00 | -- |
| Exercise | Common Stock Par Value $0.10 Per Share | 1,961 | $0.00 | -- |
| Tax Withholding | Common Stock Par Value $0.10 Per Share | 885 | $1.99 | $2K |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. The 885 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 1,961 of the 5,883 restricted stock units issued to the Reporting Person on August 11, 2023.
