Comtech (CMTL) director receives 36,620-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RAYMOND MARY JANE reported acquisition or exercise transactions in this Form 4 filing.
Comtech Telecommunications Corp. director Mary Jane Raymond received a grant of 36,620 shares of common stock as a restricted stock award. The award was made at no cash cost to her under the company’s 2023 Equity and Incentive Plan, bringing her direct holdings to 36,620 shares.
The restricted stock generally vests in full on the earlier of the one-year anniversary of the grant date or the company’s next annual meeting of stockholders, provided that meeting occurs at least 50 weeks after the prior annual meeting and she continues in service through the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RAYMOND MARY JANE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock Par Value $0.10 Per Share | 36,620 | $0.00 | -- |
Holdings After Transaction:
Common Stock Par Value $0.10 Per Share — 36,620 shares (Direct)
Footnotes (1)
- Restricted stock awards were granted under the Company's 2023 Equity and Incentive Plan, and represent the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting. The award will generally vest in full on the earlier of (i) the one-year anniversary of the Grant Date; or (ii) the date of the Company's next annual meeting of stockholders following the Grant Date, provided that such meeting occurs at least fifty (50) weeks after the Company's immediately preceding year's annual meeting of stockholders, in each case, subject to continued service through such vesting date.
FAQ
What insider transaction did Comtech (CMTL) report for Mary Jane Raymond?
Comtech reported that director Mary Jane Raymond received a grant of 36,620 shares of common stock as a restricted stock award. This equity grant was compensation, not an open-market purchase, and was issued under the company’s 2023 Equity and Incentive Plan.
Was the Comtech (CMTL) restricted stock grant to Mary Jane Raymond an open-market purchase?
No, the restricted stock grant was not an open-market purchase. It was a compensation-related award under Comtech’s 2023 Equity and Incentive Plan, granted at a reported price of $0.0000 per share rather than bought on the market.