Comtech (CMTL) President Daniel Gizinski Receives RSU Award; Withholds Shares

What Happened

• Daniel Gizinski, President and head of the S&S Communications segment at Comtech (CMTL), had 1,961 restricted stock units (RSUs) vest on August 11, 2026. The RSUs converted into common stock on a one-for-one basis.
• Of the vested 1,961 shares, 885 shares were withheld to cover federal, state and FICA tax withholding at an indicated value of $1.73 per share (totaling $1,531). The net shares delivered to Gizinski were 1,076. The filing shows the RSU conversion and the tax-withholding disposition; the conversion line reports $0 per share as it reflects issuance on vesting rather than a cash purchase.

Key Details

• Transaction date: 2026-08-11; Form 4 filed: 2026-08-12 (timely).
• Vesting: 1,961 RSUs vested (these are 1,961 of the 5,883 RSUs originally granted on August 11, 2023).
• Tax withholding: 885 shares withheld at $1.73 per share, totaling $1,531 (code F for tax/payment).
• Net shares received by insider: 1,076 (1,961 vested − 885 withheld).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction codes: M = conversion/exercise of derivative instrument (RSU conversion); F = shares withheld to satisfy tax obligations.

Context

• This was an award vesting event (routine compensation vesting), not an open-market purchase or sale that would necessarily signal a change in insider sentiment.
• The RSU conversion and immediate withholding for taxes is a common cashless net settlement: some vested shares are retained to satisfy tax liabilities while the remainder is issued to the insider.