Form 4: Comcast Director Edward D. Breen Transfers Shares to GRAT
SEC Form 4
Director Edward D. Breen transferred 76,290 shares of Comcast Class A Common Stock to a Grantor Retained Annuity Trust (GRAT) on May 9, 2024.
Summary
- On May 9, 2024, Edward D. Breen, a director of Comcast Corp, transferred 76,290 shares of Class A Common Stock to a Grantor Retained Annuity Trust (GRAT).
- Following the transaction, Mr. Breen directly owns 18,115.072 shares of Comcast Class A Common Stock.
- The transfer was executed at a price of $0.00 per share.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing describing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects personal financial planning by a company director.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders, as it is a transfer of shares for estate planning purposes and does not involve a change in company operations or strategy.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of the share transfer to the GRAT |
| 05/13/2024 | Date of signature by Attorney-in-fact Elizabeth Wideman |
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