Richard M. Jones - Feb 21, 2022 Form 4 Insider Report for Paramount Global (PARAA)

Role
EVP, General Tax Counsel
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Richard M. Jones
Stock symbol
PARAA
Transactions as of
Feb 21, 2022
Transactions value $
-$60,571
Form type
4
Date filed
2/23/2022, 03:57 PM
Previous filing
Dec 2, 2021
Next filing
Mar 3, 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 +3.68K +85.85% $0.00 7.97K Feb 21, 2022 Direct F1, F2
transaction PARAA Class B common stock Tax liability -$40.1K -1.41K -17.74% $28.38 6.56K Feb 21, 2022 Direct F3
transaction PARAA Class B common stock Options Exercise $0 +2.03K +31.01% $0.00 8.59K Feb 22, 2022 Direct F4
transaction PARAA Class B common stock Tax liability -$20.4K -734 -8.54% $27.85 7.86K Feb 22, 2022 Direct F3

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 -3.68K -50% $0.00 3.68K Feb 21, 2022 Class B common stock 3.68K Direct F1, F5
transaction PARAA Restricted Share Units Options Exercise $0 -2.03K -100% $0.00* 0 Feb 22, 2022 Class B common stock 2.03K Direct F4, F5
* 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 were issued on February 21, 2022, upon vesting of the third of four equal annual installments of the Restricted Share Units ("RSUs") identified in Table II, which were initially granted on February 21, 2019. On February 18, 2022, the last business day preceding the date of vesting, the closing price of the Class B common stock on The NASDAQ Global Select Market was $28.38 per share.
F2 Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
F3 These shares were withheld by the Issuer to satisfy tax liability incident to the vesting of, and delivery of shares underlying, the RSUs, and were not actually sold or otherwise disposed of in an open-market transaction.
F4 The shares identified in Table I were issued on February 22, 2022, upon vesting of the fourth of four equal annual installments of the RSUs identified in Table II, which were initially granted on February 22, 2018. On February 22, 2022, the closing price of the Class B common stock on The NASDAQ Global Select Market was $27.85 per share.
F5 Granted under the Issuer's long-term incentive plan for no consideration.