Comtech (CMTL) President Daniel Gizinski 2,573 RSUs Vest; 1,161 Withheld

What Happened

• Daniel Gizinski, President of Comtech’s S&S Communications segment, had 2,573 restricted stock units (RSUs) vest and convert into common stock on July 31, 2026. Of the 2,573 shares issued, 1,161 shares were withheld to cover federal, state and FICA tax liabilities (reported value $1,950 at $1.68/share), leaving a net 1,412 shares delivered to Gizinski.
• The filing shows the RSU conversion using transaction code M (exercise/conversion of derivative) and the tax withholding using code F (shares withheld to satisfy tax obligations). This was a routine vesting/tax-withholding event, not an open-market purchase or sale.

Key Details

• Transaction date: July 31, 2026; Form 4 filed August 3, 2026 (timely filed).
• Vesting: 2,573 RSUs vested (these are 1-for-1 convertible to common stock per footnote).
• Tax withholding: 1,161 shares withheld to cover taxes (value reported $1,950 at $1.68/share).
• Net shares issued to insider: 1,412 shares (2,573 vested minus 1,161 withheld).
• Grant context: The 2,573 vested are part of 7,717 RSUs granted to Gizinski on July 31, 2024 (per footnote).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes of note: F1 = RSUs convert one-for-one to common stock; F2 = 1,161 shares withheld for federal/state/FICA taxes; F3 = these 2,573 RSUs represent the vested portion of a 7,717 RSU award from 7/31/2024.

Context

• This was an RSU vesting event with shares withheld to satisfy tax liabilities (a common, routine administrative transaction). No open-market sale or purchase was reported in this filing. For derivative-line items, the filing uses code M to record the conversion/exercise of the RSUs and code F for tax-withholding.