Shari Redstone - Oct 1, 2022 Form 4 Insider Report for Paramount Global (PARAA)

Role
Director
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Shari Redstone
Stock symbol
PARAA
Transactions as of
Oct 1, 2022
Transactions value $
$90,595
Form type
4
Date filed
10/4/2022, 05:35 PM
Previous filing
Jul 6, 2022
Next filing
Jan 4, 2023

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 $45.3K +2.1K +6.39% $21.54 35K Oct 1, 2022 Class A common stock 2.1K Direct F1
transaction PARAA Phantom Class B Common Stock Units Award $45.3K +2.38K +6.83% $19.04 37.2K Oct 1, 2022 Class B common stock 2.38K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.