Armstrong Jason 4

What Happened
Jason Armstrong, Chief Financial Officer of Comcast (CMCSA), exercised 73,497 stock options on March 5, 2026, paying an exercise price of $28.38 per share (total exercise cost ~$2,085,845). All 73,497 shares were then disposed of: 69,003 shares were surrendered/withheld to cover tax and/or exercise-related obligations (reported at $31.75 per share, value ~$2,190,983) and 4,494 shares were sold in the open market at $31.73 per share (proceeds ~$142,617). Net result: the exercised shares were fully used to satisfy tax/withholding and a small open-market sale — no net increase in Armstrong’s shares from this transaction.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 6, 2026 (timely).
• Exercise: 73,497 shares at $28.38 each; total exercise cost ~$2,085,845. (Code M)
• Withholding/tax disposition: 69,003 shares at $31.75 each; value ~$2,190,983. (Code F)
• Open-market sale: 4,494 shares at $31.73 each; proceeds ~$142,617. (Code S)
• Net shares after transaction: Form 4 shows 73,497 shares acquired and 73,497 shares disposed — net change = 0 shares from these transactions. The filing does not state total shares owned after the trades.
• Footnote: The option was immediately exercisable (F1).
• Transaction codes explained: M = option exercise/conversion, F = shares surrendered for tax withholding, S = sale.

Context
This was a cashless-style exercise: Armstrong exercised vested options and simultaneously used most shares to cover taxes/fees and sold a small block in the open market. Such exercises with withholding and immediate sales are common and are typically administrative rather than a directional bet on the stock. The filing appears timely (filed the next day).