4//SEC Filing
Ratigan John 4
Accession 0002001939-24-000012
CIK 0000023197other
Filed
Oct 29, 8:00 PM ET
Accepted
Oct 30, 9:02 PM ET
Size
9.6 KB
Accession
0002001939-24-000012
Insider Transaction Report
Form 4
Ratigan John
Chief Corp Development Officer
Transactions
- Award
Restricted Stock Units
2024-10-28+104,167→ 241,519 total→ Common Stock Par Value $0.10 Per Share (104,167 underlying) - Award
Performance Shares
2024-10-28+100,000→ 100,000 total→ Common Stock Par Value $0.10 Per Share (100,000 underlying)
Footnotes (4)
- [F1]Restricted stock units were granted under the Company's 2023 Equity and Incentive Plan, and represent the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting of the unit.
- [F2]Generally, the restricted stock units will vest in installments over a three year period, at a rate of one-third on the first through third anniversaries of the grant, assuming continued service as an employee. Shares of common stock corresponding to vested units will be delivered to the Reporting Person within 60 days of vesting.
- [F3]Performance shares were granted under the Company's 2023 Equity and Incentive Plan, and represent the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting of the performance share.
- [F4]Generally, performance shares are eligible to vest on October 28, 2027, assuming continued service as an employee, as follows: (i) 25,000 of the performance shares will vest if the 60-day VWAP (as defined below) at any time prior to October 28, 2027 is at or above $8.00, (ii) an additional 25,000 performance shares will vest if the 60-day VWAP at any time prior to October 28, 2027 is at or above $10.00, (iii) an additional 25,000 performance shares will vest if the 60-day VWAP at any time prior to October 28, 2027 is at or above $12.00 and (iv) an additional 25,000 performance shares will vest if the 60-day VWAP at any time prior to October 28, 2027 is at or above $14.00. 60-day VWAP is generally defined as the volume-weighted average price per share of Comtech Telecommunications Corp. common stock over 60 consecutive trading days. Shares of common stock corresponding to vested performance shares will be delivered to the Reporting Person within 60 days of vesting.
Documents
Issuer
COMTECH TELECOMMUNICATIONS CORP /DE/
CIK 0000023197
Entity typeother
Related Parties
1- filerCIK 0002001939
Filing Metadata
- Form type
- 4
- Filed
- Oct 29, 8:00 PM ET
- Accepted
- Oct 30, 9:02 PM ET
- Size
- 9.6 KB