Comcast (CCZ) director Edward Breen reports 30,000-share Class A stock gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COMCAST CORP director Edward D. Breen reported a bona fide gift of 30,000 shares of Class A Common Stock. The transaction was coded as a gift transfer at a price of $0.00 per share and is described as an annuity payment to him from a GRAT. Following this disposition, he directly holds 55,825.277 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,000 shares gifted
Mixed
1 txn
Insider
BREEN EDWARD D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 30,000 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 55,825.277 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did COMCAST CORP (CCZ) director Edward Breen report?
Edward D. Breen reported a bona fide gift of 30,000 shares of COMCAST CORP Class A Common Stock. The transaction was recorded at $0.00 per share and is characterized as a gift transfer rather than an open-market sale or purchase.
Was the COMCAST CORP insider transaction a sale or a gift?
The transaction was a bona fide gift, coded with transaction code G and described as a gift transfer. It involved 30,000 shares at $0.00 per share, indicating no sale proceeds and distinguishing it from an open-market disposition.
What does the Form 4 footnote say about Edward Breen’s COMCAST CORP transaction?
The footnote explains the transaction represents an annuity payment to the reporting person from a GRAT of which he is not a trustee. This provides context that the reported bona fide gift is linked to a grantor retained annuity trust arrangement.