Frederick Terrell - Feb 15, 2022 Form 4 Insider Report for Paramount Global (PARAA)

Role: Director
Signature: /s/ Christa A. D'Alimonte, Attorney-in-Fact for Frederick O. Terrell
Stock symbol: PARAA
Transactions as of: Feb 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/17/2022, 04:26 PM
Previous filing: Jan 4, 2022
Next filing: Apr 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PARAA	Class B common stock	Options Exercise	$0	+3.43K	+33.32%	$0.00	13.7K	Feb 15, 2022	Direct	F1
transaction	PARAA	Class B common stock	Award	$0	+369	+2.69%	$0.00	14.1K	Feb 15, 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PARAA	Restricted Share Units	Options Exercise	$0	-3.43K	-100%	$0.00^*	0	Feb 15, 2022	Class B common stock	3.43K		Direct	F1, F3
transaction	PARAA	Restricted Share Units	Award	$0	+5.56K		$0.00	5.56K	Feb 15, 2022	Class B common stock	5.56K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares identified in Table I represent shares of the Issuer's Class B common stock to which the Reporting Person became entitled, upon vesting of Restricted Share Units ("RSUs") identified in Table II, which were granted on February 15, 2021 and that vested on February 15, 2022, but which have not been received because the director elected to defer receipt. On February 15, 2022, the closing price of the Class B common stock on The NASDAQ Global Select Market was $35.99 per share.
F2	Represents shares of the Issuer's Class B common stock to which the Reporting Person became entitled with respect to dividend equivalents that accrued on RSUs prior to vesting and on previously vested RSUs, both of which were reinvested in Class B common stock on February 15, 2022, but which have not been received because the director elected to defer receipt. On February 15, 2022, the closing price of the Class B common stock on The NASDAQ Global Select Market was $35.99 per share.
F3	Granted under the Issuer's equity plan for outside directors for no consideration.
F4	These RSUs will vest on February 15, 2023, and a corresponding number of Class B shares will be delivered on that date, unless the director has elected to defer receipt.