Robert M. Bakish - Nov 1, 2022 Form 4 Insider Report for Paramount Global (PARAA)

Role
President and CEO, Director
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Robert M. Bakish
Stock symbol
PARAA
Transactions as of
Nov 1, 2022
Transactions value $
-$1,326,756
Form type
4
Date filed
11/3/2022, 05:02 PM
Previous filing
May 19, 2022
Next filing
Dec 2, 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 +136K +26.86% $0.00 640K Nov 1, 2022 Direct F1, F2
transaction PARAA Class B common stock Tax liability -$1.33M -69.2K -10.81% $19.17 571K Nov 1, 2022 Direct F3
holding PARAA Class B common stock 131 Nov 1, 2022 By Daughter F2
holding PARAA Class B common stock 36 Nov 1, 2022 By Daughter F2
holding PARAA Class B common stock 2.95K Nov 1, 2022 By 401(k)

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 -136K -50% $0.00 136K Nov 1, 2022 Class B common stock 136K Direct F1, 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 were issued on November 1, 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 November 1, 2019. On November 1, 2022, the closing price of the Class B common stock on The NASDAQ Global Select Market was $19.17 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 Granted under the Issuer's long-term incentive plan for no consideration.