Form 4: Comtech Telecommunications Corp: Executive VP Nancy Stallone Reports Stock Transactions
SEC Form 4 Filing
Nancy Stallone, Executive VP, Treasurer & Assistant Secretary of Comtech Telecommunications Corp, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On August 11, 2024, Nancy Stallone, Executive VP, Treasurer & Assistant Secretary of Comtech Telecommunications Corp, reported transactions involving Comtech's common stock.
- Specifically, 1,961 restricted stock units vested, converting into an equal number of common stock shares.
- 707 shares were withheld to cover federal, state, and FICA tax obligations at a price of $3.17 per share.
- Following these transactions, Stallone directly owns 52,402 shares of Comtech common stock and 7,720 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the issuance of shares related to executive compensation.
- Employees may be interested in the details of executive compensation packages.
Key Dates
| Date | Description |
|---|---|
| 08/11/2023 | Date of issuance of 5,883 restricted stock units to the Reporting Person. |
| 08/11/2024 | Date of transaction: Vesting of 1,961 restricted stock units and tax withholding. |
| 08/13/2024 | Date of signature on the Form 4 filing. |
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