Form 4: Comtech Executive Vests RSUs, Sells Shares for Tax
Insider Transaction Report
Comtech Telecommunications Corp. executive Daniel Gizinski vested 8,893 restricted stock units and sold 4,011 shares to cover tax obligations.
Summary
- Daniel Gizinski, President of the S&S Comm. Segment at Comtech Telecommunications Corp. (CMTL), reported changes in his beneficial ownership.
- On September 30, 2025, 8,893 restricted stock units (RSUs) vested, converting into an equal number of common stock shares.
- These vested RSUs were part of a larger grant of 26,679 restricted stock units issued to Mr. Gizinski on September 30, 2024.
- Concurrently, 4,011 shares of common stock were disposed of at a price of $2.58 per share to satisfy federal, state, and FICA tax obligations related to the RSU vesting.
- Following these transactions, Mr. Gizinski beneficially owns 30,027 shares of common stock.
- Additionally, Mr. Gizinski beneficially owns 27,211 derivative securities in the form of restricted stock units.
Sentiment
Score: 5
Explanation: The filing details a routine executive compensation event involving RSU vesting and tax-related share withholding, which is neither inherently positive nor negative for the company's operational or financial performance.
Positives
- The vesting of 8,893 restricted stock units represents a realization of compensation for Daniel Gizinski, aligning executive incentives with company performance.
Negatives
- 4,011 shares of common stock were disposed of to cover tax liabilities, reducing the net shares received by the executive from the vesting event.
Related Party Transactions
- Daniel Gizinski, an officer of Comtech Telecommunications Corp., engaged in transactions involving the company's common stock as part of his executive compensation plan.
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine executive compensation event. Employees and customers are not directly impacted by this specific transaction.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of issuance for 26,679 restricted stock units to Daniel Gizinski. |
| 09/30/2025 | Date of vesting for 8,893 restricted stock units and subsequent disposition of shares for tax purposes. |
| 10/02/2025 | Date the Form 4 filing was signed by Michael C. Shay, Attorney-in-Fact for Daniel Gizinski. |
Keywords
Comtech Telecommunications, CMTL, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Daniel Gizinski, Stock Vesting, Tax Withholding
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