Comtech (CMTL) CFO Michael Bondi Receives RSU Award (10,321 Shares)

What Happened

• Michael Bondi, Chief Financial Officer of Comtech Telecommunications Corp (CMTL), had 10,321 restricted stock units (RSUs) vest on August 11, 2026. The RSUs converted one-for-one into common shares. Of the 10,321 shares, 5,269 were withheld to cover federal, state and FICA tax withholding at $1.73 per share (tax-withheld value $9,115). Net shares delivered to Bondi were approximately 5,052 shares, valued at about $8,740 based on the $1.73 per-share value disclosed. This is a compensation vesting event rather than a market purchase or discretionary sale.

Key Details

• Transaction date: 2026-08-11; Form 4 filed 2026-08-12 (timely).
• Primary codes: M = exercise/conversion of derivative (RSU conversion); F = tax withholding via share surrender.
• Gross vested shares: 10,321 RSUs (vesting of a portion of a 2023 grant).
• Shares withheld for taxes: 5,269 at $1.73 each = $9,115.
• Net shares to insider: ~5,052 shares (10,321 − 5,269), net value ≈ $8,740 at $1.73.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnotes from filing: F1 (RSUs convert 1:1 to common stock); F2 (5,269 shares withheld to pay taxes); F3 (these 10,321 RSUs are the vested portion of a 30,963 RSU grant issued Aug 11, 2023).

Context

• This was a routine equity compensation vesting event (not an open-market purchase or sale by the insider). The tax-withholding via share surrender (code F) is common and should not be interpreted as a directional market bet. The filing was made the next day and appears timely.