CommScope director (COMM) gets performance share awards vesting 2026
Rhea-AI Filing Summary
CommScope Holding Company, Inc. director Claudius E. Watts IV reported stock-based awards tied to company performance. On 01/08/2026, he acquired 68,255, 73,400 and 68,266 shares of common stock at $0 per share, reflecting performance share units earned after the company exceeded specified performance criteria for earlier grants. These performance share units are scheduled to vest on 06/01/2026, subject to his continued employment.
After these awards, Watts beneficially owned 1,461,110 shares directly, plus 10,000 shares held indirectly through the Watts Family Foundation. The holdings include multiple blocks of restricted stock units granted between 2023 and 2025, with vesting dates extending through 06/01/2028.
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FAQ
What did CommScope (COMM) disclose in this Form 4 filing?
The filing reports that director Claudius E. Watts IV received multiple stock-based awards in the form of performance share units that converted into shares of CommScope common stock on 01/08/2026, as well as his updated beneficial ownership.
How many CommScope shares did Claudius E. Watts IV receive in this transaction?
On 01/08/2026, he acquired 68,255, 73,400 and 68,266 shares of common stock, each reported with transaction code A for acquired, at a price of $0 per share.
Why were these CommScope shares granted at $0 per share?
The shares reflect performance share units granted on earlier dates (including 03/01/2023 and 03/01/2025), where the final number of units depended on the Company meeting certain performance criteria. Those criteria were exceeded, so the earned units converted into shares at no cash cost to the director.
When will the reported CommScope performance share units vest?
The footnotes state that each set of earned performance share units is scheduled to vest on 06/01/2026, provided that the reporting person remains employed with CommScope through that date.
How many CommScope shares does Claudius E. Watts IV beneficially own after these awards?
Following the reported transactions, he beneficially owned 1,461,110 CommScope shares directly. In addition, 10,000 shares are held indirectly through the Watts Family Foundation.
What other equity awards are included in the director’s CommScope holdings?
The filing notes that his beneficial ownership includes restricted stock units granted on 03/01/2023, 06/01/2023, 03/01/2024, 06/01/2024 and 03/01/2025, with vesting dates on or between 06/01/2026 and 06/01/2028, subject to continued employment.