FRED KORNBERG - 29 Sep 2022 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Role
Director
Signature
Fred Kornberg
Issuer symbol
CMTL
Transactions as of
29 Sep 2022
Net transactions value
-$228,024
Form type
4
Filing time
03 Oct 2022, 21:03:36 UTC
Previous filing
06 Sep 2022
Next filing
05 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMTL Common Stock Par Value $.10 Per Share Award +45,162 +17% 318,267 29 Sep 2022 Direct F1, F2
transaction CMTL Common Stock Par Value $.10 Per Share Tax liability $228,024 -23,056 -7.2% $9.89 295,211 29 Sep 2022 Direct F3
holding CMTL Common Stock Par Value $.10 Per Share 260,993 29 Sep 2022 By GRAT
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the issuance of Comtech Telecommunications Corp. common stock on September 29, 2022 as a result of the settlement of a Long Term Performance Share Award granted on August 9, 2019 in connection with the achievement of pre-established goals over the three-year performance period ended July 31, 2022.
F2 Long Term Performance shares convert into common stock on a one-for-one basis.
F3 The 23,056 shares reflected on this table represents the shares withheld to pay the Reporting Person's federal, state, and Federal Insurance Contributions Act ("FICA") tax.