Maria Hedden - 27 Jul 2024 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
30 Jul 2024, 16:39:00 UTC
Prior SEC filing
02 Apr 2024
Next SEC filing
02 Aug 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
MARIA HEDDEN

Key filing fact

Maria Hedden filed Form 4 for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) on 30 Jul 2024.

Key facts

  • This page summarizes Maria Hedden's Form 4 filing for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 30 Jul 2024, 16:39.

Change

  • Previous filing in this sequence was filed on 02 Apr 2024.
  • Current net transaction value: -$63,651.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CMTL transaction

Common Stock Par Value $.10 Per Share

Options Exercise

Transaction value
Shares
+45,384
Change %
+378%
Price
Shares after
57,404
Date
27 Jul 2024
Ownership
Direct
Footnotes
F1
CMTL transaction

Common Stock Par Value $.10 Per Share

Tax liability

Transaction value
$63,651
Shares
-18,721
Change %
-33%
Price
$3.40
Shares after
38,683
Date
27 Jul 2024
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CMTL transaction Derivative

Share Units

Options Exercise

Transaction value
Shares
-45,384
Change %
-100%
Price
Shares after
0
Date
27 Jul 2024
Ownership
Direct
Underlying class
Common Stock Par Value $.10 Per Share
Underlying amount
45,384
Exercise price
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

These transactions represent the net settlement of share units (see footnote #2) to withhold the Reporting Person's federal, state and local income taxes in connection with the conversion of share units previously awarded to the Reporting Person into shares of Comtech Telecommunications Corp.'s common stock. Share units are rights to convert solely into Comtech Telecommunications Corp. common stock on a one-for-one basis.

Footnote F2

The share units were issued last fiscal year 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 were fully vested upon grant and were automatically converted into Comtech Telecommunications Corp.'s common stock on the one-year anniversary of the grant date, which was July 27, 2024.

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