Comcast Awards Co-CEO Michael Cavanagh New Contract With $2.75 Million Salary and $35 Million Performance Grant
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Comcast Corporation has announced a new employment agreement with Michael J. Cavanagh, who will become Co-CEO on January 2, 2026. Cavanagh will receive a $2.75 million annual salary, a performance-based cash bonus target at 300% of his salary, and $35 million in performance-based restricted stock units. The agreement includes specific vesting provisions for various termination scenarios. This announcement was made via the U.S. SEC's EDGAR system.
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