Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CMTL | Common Stock Par Value $.10 Per Share | Options Exercise | +5.09K | +10.31% | 54.5K | Jul 27, 2023 | Direct | F1 | ||
transaction | CMTL | Common Stock Par Value $.10 Per Share | Tax liability | -$51K | -5.09K | -9.35% | $10.01 | 49.4K | Jul 27, 2023 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CMTL | Share Units | Award | +131K | 131K | Jul 27, 2023 | Common Stock Par Value $.10 Per Share | 131K | Direct | F2 | ||||
transaction | CMTL | Share Units | Options Exercise | -5.09K | -3.89% | 126K | Jul 27, 2023 | Common Stock Par Value $.10 Per Share | 5.09K | Direct | F1, F2 |
Id | Content |
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F1 | These transactions represent the net settlement of share units (see footnote #2) to withhold the Reporting Person's Federal Insurance Contributions Act ("FICA") tax and certain federal and state income taxes. |
F2 | Share units are rights to convert solely into Comtech Telecommunications Corp. common stock on a one-for-one basis. The share units were issued in lieu of cash settlements based on the achievement of pre-established non-equity incentive goals for the fiscal year ending July 31, 2023, pursuant to the 2000 Stock Incentive Plan. These share units are fully vested, are subject to certain transfer restrictions, and will be converted into Comtech Telecommunications Corp. common stock following the one-year anniversary of the grant date which will occur on July 27, 2024. |