Comtech (CMTL) CFO Michael Bondi Receives RSU Vesting

What Happened Michael Bondi, Chief Financial Officer of Comtech Telecommunications (CMTL), had 17,756 restricted stock units (RSUs) vest on September 30, 2026 and those RSUs converted into common shares one-for-one. To cover federal, state and FICA tax withholding, 9,065 of the vested shares were withheld (disposed) at $1.37 per share for a withholding amount of $12,419, leaving a net 8,691 shares delivered to Bondi. The filing shows the RSU conversion with an effective $0 exercise price (typical for RSUs).

Key Details

• Transaction date: September 30, 2026; Form 4 filed October 1, 2026 (appears timely).
• Primary actions: Vesting/conversion of 17,756 RSUs (M); tax withholding/disposition of 9,065 shares (F).
• Withholding amount: 9,065 shares × $1.37 = $12,419.
• Net shares received by the insider: 17,756 − 9,065 = 8,691 shares.
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnotes: F1 — RSUs convert one-for-one to common stock. F2 — 9,065 shares withheld to pay federal/state/FICA taxes. F3 — These 17,756 vested were part of a 53,266 RSU grant issued Sep 30, 2024.

Context This was a routine equity award vesting (not an open-market purchase or sale). The conversion of RSUs into shares and the withholding of a portion for taxes is a common cashless method to cover tax obligations and does not itself signal a buy or sell decision in the market. The filing shows the mechanics (conversion + withholding) rather than an intentional liquidity transaction by the insider.