Charles E. Phillips Jr - Feb 15, 2022 Form 4 Insider Report for Paramount Global (PARAA)

Role
Director
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Charles E. Phillips, Jr.
Stock symbol
PARAA
Transactions as of
Feb 15, 2022
Transactions value $
$0
Form type
4
Date filed
2/17/2022, 04:31 PM
Previous filing
Jan 4, 2022
Next filing
Apr 4, 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 +4.58% $0.00 78.4K Feb 15, 2022 Direct F1
transaction PARAA Class B common stock Award $0 +262 +0.33% $0.00 78.6K 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.