Charles E. Phillips Jr - Jul 1, 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: Jul 1, 2022
Transactions value $: $29,185
Form type: 4
Date filed: 7/6/2022, 05:43 PM
Previous filing: Jul 5, 2022
Next filing: Jul 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PARAA	Class B common stock	Award	$0	+484	+0.61%	$0.00	79.8K	Jul 1, 2022	Direct	F1

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	$14.6K	+524	+73.6%	$27.84	1.24K	Jul 1, 2022	Class A common stock	524		Direct	F2
transaction	PARAA	Phantom Class B Common Stock Units	Award	$14.6K	+579	+74.42%	$25.21	1.36K	Jul 1, 2022	Class B common stock	579		Direct	F2

* 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 July 1, 2022, the closing price of the Issuer's Class B common stock on The NASDAQ Global Select Market was $25.21 per share.
F2	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.

Content

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 July 1, 2022, the closing price of the Issuer's Class B common stock on The NASDAQ Global Select Market was $25.21 per share.

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.