Form 4: Comcast Co-CEO Cavanagh Settles Phantom Stock

Comcast Co-CEO Michael J. Cavanagh reported a scheduled cash settlement of 48,439.33 phantom stock units at $29.54 per unit.

Summary

• Michael J. Cavanagh, Co-CEO and Director of Comcast Corp, reported a transaction involving phantom stock.
• The transaction, dated January 2, 2026, was a cash settlement of 48,439.33 shares of phantom stock.
• Each phantom stock unit is economically equivalent to one share of Class A common stock.
• The settlement occurred at a price of $29.54 per unit.
• This settlement was a scheduled distribution under Comcast's deferred compensation plans.
• Following this transaction, Cavanagh beneficially owns 359,867.289 phantom stock units directly.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, scheduled insider transaction related to deferred compensation, not indicative of new strategic direction or performance.

Positives

• The transaction represents a scheduled distribution from a deferred compensation plan, indicating a routine and planned event.
• The settlement provides liquidity to the executive.

Negatives

• The transaction represents a reduction in the executive's direct beneficial ownership of phantom stock, which is economically equivalent to Class A common stock.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Cash settlement of 48,439.33 phantom stock units to Co-CEO Michael J. Cavanagh as part of a scheduled distribution under the company's deferred compensation plans.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine compensation event.
• Executive: Provides liquidity to Michael J. Cavanagh.

Key Dates

Keywords

Comcast, CMCSA, Michael J Cavanagh, Form 4, SEC filing, insider transaction, phantom stock, deferred compensation, executive compensation, stock settlement