Form 4: Comtech Telecommunications Exec VP Nancy Stallone Reports Stock Transactions
SEC Form 4 Filing
Nancy Stallone, Exec VP Treasurer & Asst Sec of Comtech Telecommunications, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On August 9, 2024, Nancy Stallone, Exec VP Treasurer & Asst Sec of Comtech Telecommunications Corp, reported transactions involving Comtech common stock.
- 502 restricted stock units vested and converted into common stock on a one-for-one basis.
- 181 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 50,938 shares of Comtech common stock and 10,010 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 08/09/2019 | Date the 2,509 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 signature on the Form 4 filing. |
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