Shari Redstone - 01 Apr 2022 Form 4 Insider Report for Paramount Global (PARAA)

Role
Director
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Shari Redstone
Issuer symbol
PARAA
Transactions as of
01 Apr 2022
Transactions value $
$89,963
Form type
4
Filing time
05 Apr 2022, 18:29:42
Previous filing
18 Feb 2022
Next filing
06 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PARAA Class B common stock Award $0 +1.06K +0.29% $0.00 360K 01 Apr 2022 Direct F1, F2
holding PARAA Class B common stock 27.5K 01 Apr 2022 By GRAT
holding PARAA Class B common stock 34.4K 01 Apr 2022 By GRAT 3 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 Phantom Class A Common Stock Units Award $45K +1.12K +3.7% $40.26 31.3K 01 Apr 2022 Class A common stock 1.12K Direct F3
transaction PARAA Phantom Class B Common Stock Units Award $45K +1.2K +3.78% $37.40 33K 01 Apr 2022 Class B common stock 1.2K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the regular quarterly crediting of vested Restricted Share Units with a fair market value equal to the amount of cash dividends in such quarter attributable to previously vested Restricted Share Units. On April 1, 2022, the closing price of the Issuer's Class B common stock on The NASDAQ Global Select Market was $37.40 per share.
F2 Reflects that, since her last ownership report, Reporting Person (1) received 79,534 shares from grantor retained annuity trust ("GRAT") #2 as an annuity payment and now reports "direct" beneficial ownership of those shares; and (2) contributed 34,423 shares of Class B common stock to GRAT #3.
F3 Reporting Person has elected to defer payment of Board/Committee fees, as applicable, pursuant to the Issuer's deferred compensation arrangement for directors. Deferred amounts (as well as any cash dividends credited to the account during the previous quarter) are deemed invested at the beginning of each calendar quarter into Phantom Class A Common Stock Units and Phantom Class B Common Stock Units based on the closing market price of the Issuer's Class A Common Stock and Class B Common Stock, as applicable, on the day of the deemed investment. The cash value of the Phantom Common Stock Units is paid out after the Reporting Person's retirement from the Board.