Comcast (NYSE: CCZ) grants 93,142 restricted stock units to legal chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COMCAST CORP reported that Chief Legal Officer and Secretary Thomas J. Reid received a grant of 93,142 restricted stock units on Class A Common Stock. The award is classified as an acquisition under an equity incentive arrangement and carries no cash exercise price.
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The units were granted subject to performance conditions that were attained on the transaction date, and they are scheduled to vest 100% on the third anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reid Thomas J.
Role
Chief Legal Officer, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 93,142 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 93,142 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units were granted subject to the achievement of performance conditions, which were attained on the transaction date. The restricted stock units vest 100% on the 3rd anniversary of the grant date.
FAQ
What equity award did COMCAST CORP (CCZ) grant to Thomas J. Reid?
COMCAST CORP granted Thomas J. Reid 93,142 restricted stock units tied to its Class A Common Stock. These units are part of his equity compensation and represent a significant stock-based incentive linked to company performance and time-based vesting.
How do the restricted stock units for COMCAST CORP (CCZ) work?
Each restricted stock unit granted to Thomas J. Reid represents a contingent right to receive one share of COMCAST CORP Class A Common Stock. The units convert into shares only after vesting conditions are satisfied under the company’s award terms.
What performance conditions applied to Thomas J. Reid’s COMCAST CORP (CCZ) RSUs?
The restricted stock units were granted subject to performance conditions that were attained on the transaction date. This means required performance targets were met, allowing the award to remain outstanding and continue toward its scheduled vesting date.
When do Thomas J. Reid’s COMCAST CORP (CCZ) restricted stock units vest?
The restricted stock units awarded to Thomas J. Reid are scheduled to vest 100% on the third anniversary of the grant date. Full vesting on that future date is required before he can receive the underlying Class A Common Stock shares.