Comcast chairman and CEO Brian Roberts simply bought $20.4 million price of inventory within the media big.
The circa 469.5 million Class A standard shares had been divested on Tuesday, in line with an SEC submitting. It’s not a big a part of his holdings and Deadline hears the sale is for year-end planning functions, which isn’t uncommon.
Many of the shares bought had been from awards of restricted inventory items that had been a part of Robert’s compensation bundle this 12 months, with a smaller portion from exercising choices.
Together with the chief govt’s Class A holdings, he owns the entire firm’s Class B shares (which aren’t publicly traded), which provides him circa 33.3% of voting energy.
The twin share construction is widespread amongst family-owned media corporations, though the Roberts’ management has been comparatively drama-free versus the Redstone’s with Paramount and the Murdoch’s with Information Corp. and Fox.
Roberts can have the identical controlling stake in a brand new standalone firm made up of NBCUniversal cable networks introduced this week as soon as that’s spun out the shareholders by the tip of subsequent 12 months.
