Comtech (CMTL) CFO Michael Bondi Receives RSU Vesting

What Happened

• Michael Bondi, Chief Financial Officer of Comtech Telecommunications Corp. (CMTL), had 1,196 restricted stock units (RSUs) vest on August 10, 2026. The RSUs converted to common stock one-for-one.
• Of the 1,196 shares that vested, 611 shares were withheld to cover federal, state and FICA tax withholding at $1.72 per share (total ~$1,051), leaving a net issuance of 585 shares to Bondi.
• This is an award/vesting event (not a market purchase); the withholding of shares to satisfy taxes is a routine administrative disposition.

Key Details

• Transaction date: August 10, 2026; Form 4 filed August 11, 2026 (timely).
• Vesting: 1,196 RSUs converted to 1,196 common shares (footnote: RSUs convert one-for-one).
• Tax withholding: 611 shares withheld at $1.72/share for ~$1,051 (footnote: withheld for federal/state/FICA taxes).
• Grant context: These 1,196 vested RSUs are part of a 5,976 RSU award issued to Bondi on August 10, 2021.
• Shares owned after transaction: Not specified in the filing.

Context

• This was an RSU vesting event, not an open-market purchase or discretionary sale by the insider. The withholding of shares to cover tax obligations is a common, routine practice and does not necessarily indicate a change in the insider’s view of the company.
• For retail investors, purchases are generally more informative than routine vesting or tax-withholding transactions; this filing mainly documents compensation vesting and tax mechanics.