Mike Cavanagh will become Comcast's co-CEO alongside Brian Roberts starting January 2026, with a contract committing him to the role through at least January 1, 2029.
A new SEC filing reveals Cavanagh's base salary will rise to $2.75 million annually (from $2.5 million in 2024), effective Jan. 2, 2026. He will also receive $35 million in performance-based stock awards.
In 2024, Cavanagh's total compensation included:
- $2.5 million base salary
- $13.63 million in stock awards
- $4.38 million in option awards
- $7.5 million in non-equity incentive compensation
- $255,162 in other compensation (including $10,000 in 401(k) contributions and $245,162 for personal use of company aircraft)
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| Mike Cavanagh |
“Comcast is a special company with exceptional businesses and an incredible team,” Cavanagh said in September. “It is an honor to work with Brian and the entire Comcast NBCUniversal leadership team during this exciting and transformative time in our industry.”
Brian Roberts praised Cavanagh as a “trusted and collaborative leader” and the “ideal person” to help guide Comcast's growth strategy.
For comparison, Roberts' 2024 compensation included:
- $2.5 million base salary
- $17.9 million in stock awards
- $5.75 million in option awards
- $7.5 million in non-equity incentive compensation
- $200,483 in other compensation (including $10,000 in 401(k) contributions and $190,483 for personal aircraft use)