Comtech (CMTL) Chief Legal Officer Donald E. Walther Receives RSUs

What Happened

• Donald E. Walther, Chief Legal Officer of Comtech Telecommunications (CMTL), had 15,946 restricted stock units (RSUs) vest on September 30, 2026. The RSUs converted one-for-one into common shares. Of the 15,946 shares that vested, 5,446 shares were withheld to cover federal/state/FICA tax withholding at $1.37 per share (total withheld value $7,461), leaving a net delivery of about 10,500 shares to Walther. The conversion is recorded as a derivative conversion (code M) with a related tax-withholding disposition (code F).

Key Details

• Transaction date: 2026-09-30; filing date: 2026-10-01 (timely).
• Vesting/conversion: 15,946 RSUs converted to 15,946 common shares (derivative conversion).
• Tax withholding: 5,446 shares withheld at $1.37/share for taxes; total withheld value $7,461.
• Net shares issued to insider: 15,946 − 5,446 = 10,500 shares.
• Relevant footnotes: F1 (RSUs convert 1:1), F2 (5,446 shares withheld to pay federal/state/FICA tax), F3 (these 15,946 RSUs were part of 47,838 RSUs granted on 2024-09-30).
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• This was a routine RSU vesting event, not an open‑market purchase or sale. The tax withholding is a common cashless method where the company retains shares to cover tax obligations; there is no indication Walther sold shares on-market in this filing. Vesting and withholding typically reflect compensation realization rather than a buy/sell signal.