Comtech (CMTL) director awarded 36,620 restricted stock units in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hildebrandt Michael reported acquisition or exercise transactions in this Form 4 filing.
Comtech Telecommunications Corp. director Michael Hildebrandt reported an equity compensation grant of 36,620 shares of common stock in the form of restricted stock awarded at no purchase price. These shares were granted under the company’s 2023 Equity and Incentive Plan.
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, subject to continued service and timing conditions described in the award. Following this grant, Hildebrandt directly holds 73,836 shares of Comtech common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hildebrandt Michael
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 — 73,836 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) director Michael Hildebrandt report?
Director Michael Hildebrandt reported receiving a grant of 36,620 restricted shares of Comtech common stock. The grant is part of equity compensation and was awarded at no purchase price, increasing his direct holdings to 73,836 shares after the transaction.
Is the Comtech (CMTL) Form 4 transaction a market buy or sell?
The Form 4 transaction is not a market buy or sell. It reports a grant of restricted stock as equity compensation, coded as an acquisition (A). The shares were awarded at a price of $0.00 per share under the 2023 Equity and Incentive Plan.
What are the vesting terms of the Comtech (CMTL) restricted stock granted to Hildebrandt?
The restricted stock generally vests in full on the earlier of the one-year anniversary of the grant date or Comtech’s next annual stockholders’ meeting. Vesting requires continued service, and the next meeting must occur at least fifty weeks after the prior annual meeting.
Under which plan was the Comtech (CMTL) restricted stock granted to the director?
The restricted stock was granted under Comtech’s 2023 Equity and Incentive Plan. Each restricted stock award represents the right to receive one share of Comtech common stock upon vesting, aligning director compensation with shareholder interests through equity-based awards.