COMTECH TELECOMMUNICATIONS CORP /DE/·4

Mar 26, 4:58 PM ET

Sprung Lloyd A. 4

Research Summary

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Comtech Director Lloyd Sprung Receives 36,620 Restricted Shares

What Happened

  • Lloyd A. Sprung, a director of Comtech Telecommunications Corp. (CMTL), received a grant of 36,620 restricted stock awards on March 24, 2026. The reported acquisition price is $0.00, so the filing shows $0 in cash paid for the award. The award was made under the company's 2023 Equity and Incentive Plan.

Key Details

  • Transaction date and code: 2026-03-24 (A = Award/Grant).
  • Price reported: $0.00 per share; total cash consideration reported $0.
  • Shares granted: 36,620 restricted stock awards (each represents the right to one share upon vesting).
  • Shares owned after transaction: Not disclosed in this filing.
  • Vesting notes: Awards generally vest in full on the earlier of (i) one year after the grant date or (ii) at the company’s next annual meeting of stockholders (provided that meeting occurs at least 50 weeks after the prior year’s meeting), subject to continued service.
  • Filing timeliness: Report filed March 26, 2026 for a March 24, 2026 transaction (filed within the typical two-business-day Form 4 window).

Context

  • These are restricted stock awards (not an open-market purchase or sale). The awards convert to common shares only upon vesting and are typically granted as compensation, so they do not necessarily signal an immediate bullish or bearish view by the insider.