Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CMTL | Restricted Stock Units | Award | $0 | +5.06K | $0.00 | 5.06K | Apr 28, 2023 | Common Stock Par Value $.10 Per Share | 5.06K | Direct | F1, F2 | ||
transaction | CMTL | Restricted Stock Units | Award | $0 | +29K | +573.41% | $0.00 | 34K | Apr 28, 2023 | Common Stock Par Value $.10 Per Share | 29K | Direct | F1, F3 |
Id | Content |
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F1 | This transaction represents the grant of restricted stock units pursuant to the Company's 2000 Stock Incentive Plan, and represents the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting of the unit. |
F2 | Generally, the restricted stock units will vest in installments over a three year period, at a rate of one-third on the first through third anniversaries of the grant, assuming continued service as an employee. Shares of common stock corresponding to vested units will be delivered to the Reporting Person within 30 days of vesting. |
F3 | The restricted stock units are subject to cliff vesting on the third anniversary of the grant, assuming continued service as an employee. Shares of common stock corresponding to the vested units will be delivered to the reporting person within 30 days of vesting. |