COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2024

Oct 31, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2024-10-28

Reporting Person: Ratigan John (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-10-28	Restricted Stock Units	$	A	104167	Acquired		Common Stock Par Value $0.10 Per Share (104167)	Direct
2024-10-28	Performance Shares	$	A	100000	Acquired		Common Stock Par Value $0.10 Per Share (100000)	Direct

Footnotes

F1: Restricted stock units were granted under the Company's 2023 Equity and Incentive Plan, and represent the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting of the unit.

F2: Generally, the restricted stock units will vest in installments over a three year period, at a rate of one-third on the first through third anniversaries of the grant, assuming continued service as an employee. Shares of common stock corresponding to vested units will be delivered to the Reporting Person within 60 days of vesting.

F3: Performance shares were granted under the Company's 2023 Equity and Incentive Plan, and represent the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting of the performance share.

F4: Generally, performance shares are eligible to vest on October 28, 2027, assuming continued service as an employee, as follows: (i) 25,000 of the performance shares will vest if the 60-day VWAP (as defined below) at any time prior to October 28, 2027 is at or above $8.00, (ii) an additional 25,000 performance shares will vest if the 60-day VWAP at any time prior to October 28, 2027 is at or above $10.00, (iii) an additional 25,000 performance shares will vest if the 60-day VWAP at any time prior to October 28, 2027 is at or above $12.00 and (iv) an additional 25,000 performance shares will vest if the 60-day VWAP at any time prior to October 28, 2027 is at or above $14.00. 60-day VWAP is generally defined as the volume-weighted average price per share of Comtech Telecommunications Corp. common stock over 60 consecutive trading days. Shares of common stock corresponding to vested performance shares will be delivered to the Reporting Person within 60 days of vesting.