Form 4: Comtech Telecommunications Corp: Executive VP Nancy Stallone Reports Stock Transactions
SEC Form 4
Nancy Stallone, Executive VP, Treasurer & Assistant Secretary of Comtech Telecommunications Corp, reports the vesting of restricted stock units and associated tax withholding.
Summary
- On August 4, 2024, Nancy Stallone, Executive VP, Treasurer & Assistant Secretary of Comtech Telecommunications Corp, reported transactions involving the company's common stock.
- 480 restricted stock units vested and converted into common stock on a one-for-one basis.
- 174 shares were withheld to cover federal, state, and FICA tax obligations at a price of $2.98 per share.
- Following these transactions, Stallone directly owns 50,617 shares of Comtech Telecommunications Corp.
- She also holds 10,512 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based awards.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares from vested restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 08/04/2020 | Date that 2,399 restricted stock units were issued to the Reporting Person. |
| 08/04/2024 | Date of the reported transactions: vesting of restricted stock units and tax withholding. |
| 08/06/2024 | Date of signature on the Form 4 filing. |
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