Comcast (NYSE: CCZ) CFO granted 93,142 performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Armstrong Jason reported acquisition or exercise transactions in this Form 4 filing.
Comcast Corporation reported that its CFO, Jason Armstrong, received a grant of 93,142 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A common stock. The RSUs were granted after specified performance conditions were attained on the transaction date and will vest 100% on the third anniversary of the grant date, aligning his compensation with longer-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Armstrong Jason
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 93,142 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 93,142 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units were granted subject to the achievement of performance conditions, which were attained on the transaction date. The restricted stock units vest 100% on the 3rd anniversary of the grant date.
FAQ
What insider transaction did Comcast (CCZ) report for CFO Jason Armstrong?
Comcast reported that CFO Jason Armstrong received a grant of 93,142 restricted stock units. These units are a form of equity compensation that convert into Class A common shares if he remains eligible through the full vesting period.
How many restricted stock units did the Comcast (CCZ) CFO receive?
The Comcast CFO received 93,142 restricted stock units. This entire amount was acquired in a single grant and represents a potential equal number of Class A common shares if all vesting and service conditions are fully satisfied over time.
What does each Comcast (CCZ) restricted stock unit represent in this Form 4?
Each restricted stock unit represents a contingent right to receive one share of Comcast Class A common stock. The units do not deliver shares immediately and only convert into stock if the vesting and other specified conditions are ultimately met.
Were performance conditions involved in the Comcast (CCZ) CFO’s RSU grant?
Yes. The restricted stock units were granted subject to performance conditions that were attained on the transaction date. Only after these conditions were achieved was the award confirmed, with vesting now based on continued service to the company.
When do the Comcast (CCZ) CFO’s restricted stock units vest?
The restricted stock units vest 100% on the third anniversary of the grant date. This means no shares are delivered until that single cliff-vesting date, encouraging longer-term alignment between the executive’s interests and shareholder outcomes.
Did the Comcast (CCZ) CFO pay a purchase price for the RSUs disclosed?
No purchase price was paid for these restricted stock units, which were granted at a per-unit price of $0. Such awards are typically part of executive compensation, with value realized only if the units vest into actual Class A common shares.