Comcast Corp (CCZ) Co-CEO details 48,439 phantom stock cash payout

Rhea-AI Filing Summary

Comcast Corp’s Co-CEO and Director reported a deferred compensation transaction involving phantom stock tied to Class A common shares. On 01/02/2026, 48,439.33 phantom stock units, each economically equivalent to one share of Class A common stock, were cash-settled on a scheduled distribution date under Comcast’s deferred compensation plans at a reference price of $29.54 per share equivalent. Following this cash settlement, the reporting person beneficially owned 359,867.289 derivative securities in the form of phantom stock, held in direct ownership, which continue to track the value of Comcast Class A common stock under the terms of the deferred compensation plans.

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

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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^*

Cavanagh Michael J

(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)
	Co-CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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
Phantom Stock	(1)	01/02/2026		I			48,439.33(2)	(1)	(1)	Class A Common Stock	48,439.33	$29.54	359,867.289	D

Explanation of Responses:

1. Each share of phantom stock represents the economic equivalent to one share of Class A common stock. Phantom shares that have been deferred under our deferred compensation plans may be transferred into alternative investments under the terms of our deferred compensation plans and settle in cash.

2. Reflects the cash settlement of shares of phantom stock on the scheduled distribution date under, and in accordance with the terms of, our deferred compensation plans.

	Elizabeth Wideman, Attorney-in-fact	01/06/2026
	** 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.
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FAQ

What insider transaction did Comcast Corp (CCZ) disclose in this Form 4?

The filing shows that a Comcast Corp Co-CEO and Director reported the cash settlement of 48,439.33 phantom stock units on 01/02/2026 under the company’s deferred compensation plans.

What are the phantom stock units referenced in the Comcast Corp (CCZ) insider filing?

Each phantom stock unit represents the economic equivalent of one share of Comcast Class A common stock and is held under deferred compensation plans, ultimately settling in cash rather than actual shares.

At what price were the Comcast Corp (CCZ) phantom stock units valued for this transaction?

The 48,439.33 phantom stock units were associated with a reference price of $29.54 per Class A common stock equivalent in the reported transaction.

How many Comcast Corp (CCZ) phantom stock units does the insider own after the transaction?

After the reported cash settlement, the insider beneficially owned 359,867.289 derivative securities in the form of phantom stock, held as direct ownership.

Was the Comcast Corp (CCZ) phantom stock transaction part of a deferred compensation plan?

Yes. The filing explains that the phantom stock units were granted under Comcast’s deferred compensation plans and that the 48,439.33 units were settled in cash on a scheduled distribution date in accordance with those plan terms.

Does the Comcast Corp (CCZ) insider transaction involve actual Class A common shares?

No actual shares changed hands. The phantom stock represents an economic equivalent of Class A common stock and is settled in cash under the deferred compensation plans.