Comcast CLO converts RSUs, withholds shares for taxes
Comcast Corp’s Chief Legal Officer and Secretary, Thomas J. Reid, reported equity compensation-related transactions involving Class A Common Stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Comcast Corp’s Chief Legal Officer and Secretary, Thomas J. Reid, reported equity compensation-related transactions involving Class A Common Stock. He exercised 93,142 restricted stock units, which each convert into one share of Class A Common Stock at a price of $0.00 per share, reflecting vesting of these awards on the transaction date.
To cover tax obligations on this vesting, 48,665 Class A shares were disposed of through a tax-withholding transaction at $30.96 per share, rather than an open-market sale. Following these transactions, Reid directly held 174,809.38 shares of Comcast Class A Common Stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 93,142 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 93,142 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 48,665 | $30.96 | $1.51M |
Footnotes (3)
- F1. The price is $0.00.
- F2. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F3. These restricted stock units vest on the transaction date.
FAQ
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What insider transaction did Comcast (CCZ) report for Thomas J. Reid?
What does the M transaction code mean in the Comcast (CCZ) Form 4?
What does the F transaction code represent in the Comcast (CCZ) insider filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.