Reid Thomas J. 4

Accession 0001225208-26-000760

CIK 0001166691other

Filed

Jan 21, 7:00 PM ET

Accepted

Jan 22, 7:51 PM ET

Size

10.8 KB

Accession

0001225208-26-000760

AI-generated summary of this filing

Updated Jan 23, 2026

Comcast (CMCSA) Chief Legal Officer Reid Thomas Exercises Awards, Sells Shares

What Happened

Reid Thomas, Chief Legal Officer and Secretary of Comcast (CMCSA), converted/exercised 12,319 derivative awards (restricted stock units / phantom stock) on 2026-01-20. The exercise/conversion showed a $0.00 exercise price (i.e., no cash paid to acquire).
To satisfy tax withholding, 4,676 shares were surrendered/disposed at $28.05 per share for a total of $131,162. Separately, 2,232.755 shares were sold in a discretionary transaction at $28.16 per share for proceeds of $62,874. The remaining value of the converted awards was cash-settled under the company’s deferred compensation plans per the filing.

Key Details

Transaction date: 2026-01-20; Form 4 filed 2026-01-22 (appears timely under the 2-business-day rule).
Exercise/conversion: 12,319 derivative awards reported as exercised/converted (transaction code M, $0.00 exercise price).
Tax withholding: 4,676 shares withheld at $28.05/share for $131,162 (transaction code F).
Discretionary sale: 2,232.755 shares sold at $28.16/share for $62,874 (transaction code I).
Shares owned after the transactions: not reported in the provided filing summary.
Notable footnotes:
- Phantom stock: each phantom share equals the economic equivalent of one Class A common share and settles in cash under deferred compensation plans (F1, F2).
- Some awards were adjusted due to a prior spin-off (F3); RSUs were vested on the transaction date (F4, F5).

Context

These were vesting/conversion and cash-settlement events (not an out-of-pocket stock purchase). The $0.00 exercise price and the phantom-stock footnotes indicate the transaction involved deferred/phantom awards and RSUs that settled in cash rather than new share purchases.
Tax-withholding and immediate sale of a portion are routine for settled awards to cover tax liabilities and do not by themselves indicate a change in the insider’s view of the company.

Form 4

Period: 2026-01-20

Chief Legal Officer, Secretary

Transactions

Exercise/Conversion
Class A Common Stock
2026-01-20+12,319→ 135,008.38 total
Tax Payment
Class A Common Stock
2026-01-20$28.05/sh−4,676$131,162→ 130,332.38 total
Discretionary Transaction
Phantom Stock
[F1][F2][F3]
2026-01-20$28.16/sh−2,232.755$62,874→ 6,252.483 total
→ Class A Common Stock (2,232.755 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F5][F3]
2026-01-20−12,319→ 32,852 total
Exercise: $0.00→ Class A Common Stock (12,319 underlying)

Footnotes (5)

[F1]Each share of phantom stock represents the economic equivalent to one share of Class A common stock. Phantom shares 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.
[F2]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.
[F3]Total reflects adjustment of outstanding awards as a result of the spin-off of Versant Media Group, Inc.
[F4]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F5]These restricted stock units were vested on the transaction date.

Signature

Elizabeth Wideman, Attorney-in-fact|2026-01-22

1 file

COMCAST CORP

CIK 0001166691

Entity typeother