CMCSA Form 4: CEO Roberts Sees 474,122 RSUs Fully Vest

Rhea-AI Filing Summary

Robert Brian L. Roberts, Chairman and CEO of Comcast Corporation (CMCSA), had 474,122 restricted stock units (RSUs) listed as a transaction on 09/02/2025. Each RSU represents a contingent right to one share of Class A common stock and the filing states these RSUs were fully vested on the transaction date. The reporting person had previously elected to defer receipt of shares and to notionally reinvest the deferred compensation. The filing lists a $34.13 price reference and shows 294,557 shares held directly following the reported transaction.

Positive

• Large equity grant vested, aligning CEO compensation with shareholder interests through equity ownership.
• Deferral election and notional reinvestment indicate the vesting followed an established compensation plan rather than an ad hoc transaction.

Negative

• Significant number of vested RSUs (474,122) increased the pool of shares that could potentially be delivered to the CEO, raising available insider-held shares.

Insights

Financial Analyst

TL;DR: CEO Brian Roberts had 474,122 RSUs fully vesting, increasing his directly held shares to 294,557.

The vesting of 474,122 RSUs is a material compensation event for Comcast's largest insider and changes the pool of shares that could be delivered to the CEO. The filing explicitly states the RSUs converted on 09/02/2025 and were previously deferred with notional reinvestment, indicating this was part of an established compensation/deferral election rather than a discretionary sale. The $34.13 price noted reflects the per-share reference in the report.

Corporate Governance Expert

TL;DR: Significant executive equity vests, consistent with standard long-term incentive practice; no sale reported.

The report shows a routine long-term incentive vesting for the CEO and Chairman. The disclosure that RSUs were deferred and notionally reinvested is relevant to governance because it documents the executive's prior deferral election and the mechanics of delivery. There is no indication in this filing of a sale or transfer; the event is a change in beneficial ownership due to vesting.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ROBERTS BRIAN L

(Last) (First) (Middle)

ONE COMCAST CENTER

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COMCAST CORP [ CMCSA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of Board & CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	09/02/2025		I(2)			474,122	(3)	(3)	Class A Common Stock	474,122	$34.13	294,557	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

2. The reporting person had previously elected to defer receipt of shares and to notionally reinvest the deferred compensation in another investment plan.

3. These restricted stock units were fully vested on the transaction date.

	Elizabeth Wideman, Attorney-in-fact	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Brian Roberts report on Form 4 for CMCSA?

Brian Roberts reported 474,122 restricted stock units (RSUs) that fully vested on 09/02/2025.

How many shares does Brian Roberts directly own after the reported transaction?

Following the reported transaction, the filing shows 294,557 shares held directly by the reporting person.

Did the Form 4 disclose a sale of Comcast shares by the reporting person?

No sale was disclosed; the filing reports RSUs that fully vested and notes a prior deferral election.

What does each restricted stock unit represent in this filing?

Each RSU represents a contingent right to receive one share of Class A common stock.

When did the RSUs vest according to the filing?

The RSUs were fully vested on 09/02/2025, as stated in the explanation of responses.