'Comcast' Co-CEO Executes Stock Options Worth Billions... Sells Shares for Tax Payment

Comcast Corporation (NASDAQ: CMCSA) Co-CEO Brian L. Roberts exercised stock options on approximately 980,000 Class A shares at an exercise price of $28.38 per share on February 11. At the same time, he sold about 910,000 shares at roughly $32.70 per share via tax withholding to cover his tax liability. The exercise and sale generated roughly $28 million and $30 million, respectively (approximately KRW 380 billion and KRW 400 billion).

Even after this transaction, Roberts retains a substantial stake, holding some 5.9 million shares directly plus more than 16 million shares through his spouse and various trusts. In early February, filings also disclosed a small open-market sale by insider Asuka Nakahara, amounting to several hundred million won, and the grant of roughly 57,000 restricted stock units to Chief Accounting Officer Daniel Murdock (currently valued at about $1.8 million, or around KRW 20 billion).

In its fourth-quarter 2025 earnings report, Comcast exceeded market expectations with adjusted EPS of $0.84, reported revenues of $32.3 billion, and generated approximately $4.4 billion in free cash flow (around KRW 6 trillion). Growth was driven by its theme parks, the Peacock streaming service, and its wireless business, while U.S. broadband subscriber losses reflected an ongoing shift in its subscriber mix from wireline toward wireless and content offerings.

Comcast is the largest cable and internet provider in the U.S. and a media-telecom conglomerate that owns NBCUniversal and Sky, operating broadcast, streaming, and theme park businesses across North America and Europe. Brian Roberts, who succeeded founder Ralph Roberts, has served as long-time CEO and continues to exert significant control over the company through family and trust holdings.