Comcast Corp (CMCSA) director logs bona fide gift of 32,440 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Comcast Corp director Edward D. Breen reported a bona fide gift of 32,440 shares of Class A Common Stock. The transaction is coded as a gift disposition and reflects an annuity payment to him from a grantor retained annuity trust. Following this transfer, he holds 88,962.277 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
32,440 shares gifted
Mixed
1 txn
Insider
BREEN EDWARD D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 32,440 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 88,962.277 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares gifted: 32,440 shares
Price per share: $0.0000
Shares held after: 88,962.277 shares
+2 more
5 metrics
Shares gifted
32,440 shares
Bona fide gift of Class A Common Stock
Price per share
$0.0000
Reported transaction price for gifted shares
Shares held after
88,962.277 shares
Direct ownership following the transaction
Gift transactions count
1 transaction
Single bona fide gift reported in Form 4
Gifted share total
32,440 shares
Total gift shares per transactionSummary
Key Terms
Class A Common Stock, bona fide gift, grantor retained annuity trust, Form 4
4 terms
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
grantor retained annuity trust financial
"annuity payment to the reporting person from a GRAT of which he is not a trustee"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Edward D. Breen report for COMCAST CORP (CMCSA)?
Edward D. Breen reported a bona fide gift of 32,440 shares of Comcast Class A Common Stock. The filing shows this as a gift disposition rather than a market trade, so no sale proceeds or purchase price are involved.
What does the bona fide gift code mean in Edward D. Breen’s Comcast Form 4?
The Form 4 uses transaction code G, described as a bona fide gift. This indicates the shares were transferred as a gift, not bought or sold in the market, and therefore do not represent an open-market purchase or sale.
How is the GRAT referenced in Edward D. Breen’s COMCAST CORP Form 4 footnote?
A footnote explains the transaction represents an annuity payment to Edward D. Breen from a grantor retained annuity trust, or GRAT, of which he is not a trustee. This clarifies the estate-planning context of the reported share transfer.
Did Edward D. Breen execute any derivative transactions in this COMCAST CORP Form 4?
No derivative transactions are listed in this Form 4. The derivativeSummary section is empty, and the filing only reports a single non-derivative transaction involving Class A Common Stock as a bona fide gift disposition.