Comtech (CMTL) President Daniel Gizinski Receives 8,893 RSU Shares

What Happened

• Daniel Gizinski, President of Comtech’s S&S Communications segment, had 8,893 restricted stock units (RSUs) vest on September 30, 2026. The RSUs converted one-for-one into common shares (no exercise price). To cover federal/state/FICA tax withholding, 4,011 of those shares were surrendered (reported as disposed) for $1.37/share, producing $5,495 in consideration. Net shares delivered to Gizinski were 4,882 (8,893 vested − 4,011 withheld).

Key Details

• Transaction date: 2026-09-30; Form 4 filed: 2026-10-01 (filed promptly the next day).
• Codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to satisfy tax withholding.
• Shares vested/converted: 8,893 RSUs → 8,893 common shares (one-for-one; no cash exercise price).
• Shares withheld for taxes: 4,011 at $1.37 each; proceeds $5,495.
• Net shares issued to insider: 4,882.
• Footnotes: F1 notes RSUs convert one-for-one; F2 confirms 4,011 shares withheld for tax obligations; F3 states these 8,893 were part of 26,679 RSUs granted on 9/30/2024.
• Shares owned after the transaction: not specified in the filing.

Context

• This is a routine vesting of RSUs and a standard tax-withholding transaction (not an open-market sale or purchase). The RSU conversion had no exercise cost to the insider and part of the vested shares were withheld to satisfy tax liabilities rather than sold on the open market.