John Ratigan - 28 Oct 2024 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Footnote F1

Restricted stock units 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 of the unit.

Footnote 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 60 days of vesting.

Footnote F3

Performance shares 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 of the performance share.

Footnote F4

Generally, performance shares are eligible to vest on October 28, 2027, assuming continued service as an employee, as follows: (i) 25,000 of the performance shares will vest if the 60-day VWAP (as defined below) at any time prior to October 28, 2027 is at or above $8.00, (ii) an additional 25,000 performance shares will vest if the 60-day VWAP at any time prior to October 28, 2027 is at or above $10.00, (iii) an additional 25,000 performance shares will vest if the 60-day VWAP at any time prior to October 28, 2027 is at or above $12.00 and (iv) an additional 25,000 performance shares will vest if the 60-day VWAP at any time prior to October 28, 2027 is at or above $14.00. 60-day VWAP is generally defined as the volume-weighted average price per share of Comtech Telecommunications Corp. common stock over 60 consecutive trading days. Shares of common stock corresponding to vested performance shares will be delivered to the Reporting Person within 60 days of vesting.