Murdock Daniel C. 4
Research Summary
AI-generated summary
Comcast EVP Daniel Murdock Converts RSUs; Shares Withheld for Taxes
What Happened
Daniel C. Murdock, EVP & Chief Accounting Officer of Comcast (CMCSA), had restricted stock units (RSUs) convert to 13,368 shares on March 1, 2026 (four conversions: 4,060; 3,875; 3,163; 2,270). To satisfy tax withholding, 3,280 of those shares were surrendered (four withholdings: 553; 771; 944; 1,012) at $30.96 per share, totaling $101,549. The RSU conversions are recorded as derivative exercises (code M) at $0 acquisition price; the disposals for tax withholding are coded F. Net shares delivered to Murdock after withholding: 10,088.
Key Details
- Transaction date: March 1, 2026. Filing date: March 3, 2026 (timely Form 4 filing).
- Conversion (code M): 4,060; 3,875; 3,163; 2,270 shares — acquisition price $0.00 (these were RSU conversions).
- Tax withholding (code F): 553; 771; 944; 1,012 shares — withheld at $30.96 each, total ~$101,549.
- Shares owned after the transaction: not shown in the provided excerpt.
- Footnotes: F1 — each RSU equals one contingent share; F2 — these RSUs vested on the transaction date.
- No open-market sale or purchase reported — the disposals were solely to cover tax liabilities (routine).
Context
This was a compensation-related conversion of RSUs (not a market purchase or discretionary sale). The pattern — RSUs vesting and shares withheld to pay taxes — is a common, routine corporate payroll/compensation event (a cashless withholding). Such filings document insider equity grants and tax payments but do not necessarily signal a bullish or bearish view by the insider. Transaction codes: M = exercise/conversion of derivative (here, RSU conversion), F = payment of tax liability via share withholding.