Comtech (CMTL) director receives 36,620-share restricted stock grant
Rhea-AI Filing Summary
Comtech Telecommunications Corp. director Bruce T. Crawford reported receiving a grant of 36,620 shares of restricted common stock. These shares were awarded at no cash cost under the company’s 2023 Equity and Incentive Plan and will convert into common stock as they vest.
The award generally vests in full on the earlier of the one-year anniversary of the grant date or the date of the next annual stockholders’ meeting, as long as that meeting occurs at least 50 weeks after the prior year’s meeting and Crawford continues to serve through the vesting date.
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Insights
Director received a routine equity grant of 36,620 restricted shares.
Director Bruce T. Crawford acquired 36,620 restricted shares of Comtech Telecommunications Corp. common stock as a compensation award. The transaction used code A, indicating a grant or award, with no purchase price and direct ownership.
The restricted stock was issued under the 2023 Equity and Incentive Plan and will vest in full on the earlier of the one-year anniversary of the grant date or the next annual stockholders’ meeting, subject to specific timing and continued service conditions. No derivative positions are reported in this filing.
This filing reflects standard board-level equity compensation rather than an open-market purchase or sale, so it carries limited signaling value about the director’s view of the stock, beyond aligning compensation with shareholder interests over the vesting period.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock Par Value $0.10 Per Share | 36,620 | $0.00 | -- |
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.