Comcast (CCZ) legal chief converts RSUs, withholds shares for tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
93,142 shares exercised/converted
Mixed
3 txns
Insider
Reid Thomas J.
Role
Chief Legal Officer, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 93,142 | $0.00 | -- |
| Exercise | Class A Common Stock | 93,142 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 48,665 | $30.96 | $1.51M |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 223,474.38 shares (Direct)
Footnotes (1)
- The price is $0.00. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. These restricted stock units vest on the transaction date.
FAQ
What insider transaction did Comcast (CCZ) report for Thomas J. Reid?
Comcast reported that Chief Legal Officer Thomas J. Reid exercised 93,142 restricted stock units into Class A Common Stock. These units vested on the transaction date and converted at a price of $0.00 per share, reflecting the delivery of previously granted equity compensation.
What does the M transaction code mean in the Comcast (CCZ) Form 4?
The M code in this Form 4 indicates an exercise or conversion of a derivative security. Here, it reflects the conversion of 93,142 restricted stock units into Comcast Class A Common Stock as those units vested and were delivered to the reporting person on the transaction date.
What does the F transaction code represent in the Comcast (CCZ) insider filing?
The F code represents payment of an exercise price or tax liability by delivering securities. In this case, 48,665 Comcast Class A shares were used to satisfy tax obligations related to the vesting and conversion of restricted stock units, rather than sold through a regular market transaction.