Form 4: Comtech Telecommunications CFO Michael Bondi Reports Stock Transactions
SEC Form 4 Filing
Michael Bondi, CFO of Comtech Telecommunications, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On August 9, 2024, Michael Bondi, the Chief Financial Officer of Comtech Telecommunications Corp, reported transactions involving Comtech's common stock.
- Bondi vested 1,082 restricted stock units, which converted into an equal number of common stock shares.
- 553 shares were withheld to cover federal, state, and FICA tax obligations at a price of $3.17 per share.
- Following these transactions, Bondi directly owns 115,719 shares of Comtech common stock and 46,044 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's stock-based compensation is converting to shares.
Stakeholder Impact
- The vesting of restricted stock units has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/09/2019 | Date the restricted stock units were issued to the Reporting Person |
| 08/09/2024 | Date of the reported transactions: vesting of restricted stock units and tax withholding. |
| 08/13/2024 | Date of the report filing. |
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