Form 4: Comcast Legal Officer's Routine Stock Transactions

Comcast's Chief Legal Officer, Thomas J. Reid, reported the vesting and exercise of restricted stock units, along with related tax withholdings and cash settlement of phantom stock.

Summary

• Thomas J. Reid, Chief Legal Officer and Secretary of Comcast Corp (CMCSA), reported multiple transactions on January 20, 2026.
• Reid acquired 12,319 shares of Class A Common Stock upon the vesting of Restricted Stock Units (RSUs) at a price of $0.0000.
• He disposed of 4,676 shares of Class A Common Stock at $28.05 per share, primarily for tax withholding purposes related to the RSU vesting.
• Reid also cash settled 2,232.755 shares of phantom stock at $28.16 per share, as part of a scheduled distribution under deferred compensation plans.
• Following these transactions, Reid directly beneficially owns 130,332.38 shares of Class A Common Stock and 6,252.483 phantom stock units.
• Outstanding awards were adjusted as a result of the spin-off of Versant Media Group, Inc.

Sentiment

Score: 5

Explanation: The filing reports routine executive compensation transactions (vesting, tax withholding, cash settlement of phantom stock) and does not indicate any significant positive or negative operational or financial news for the company.

Positives

• The vesting of 12,319 Restricted Stock Units indicates the realization of compensation for the executive.
• The executive maintains a significant direct beneficial ownership of 130,332.38 shares of Class A Common Stock, aligning interests with shareholders.

Negatives

• The disposal of 4,676 shares of Class A Common Stock for tax withholding reduces the executive's direct equity ownership.
• The cash settlement of 2,232.755 phantom stock units converts equity-equivalent compensation into cash, rather than increasing direct shareholdings.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This Form 4 filing details routine executive compensation transactions and does not provide information relevant to broader industry trends or competitors.

Related Party Transactions

• The transactions involve an executive of the company, which are considered related party transactions in the context of executive compensation. No unusual or non-standard related party dealings beyond routine compensation are disclosed.

Stakeholder Impact

• Shareholders: Minor impact, as these are routine compensation transactions and do not reflect a significant change in the company's operational or financial health. The executive's continued significant holdings align interests.
• Employees, Customers, Suppliers, Creditors: No direct impact mentioned.

Key Dates

Keywords

Comcast, CMCSA, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Phantom Stock, Thomas J. Reid, Chief Legal Officer