Robert M. Bakish - Dec 4, 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
Dec 4, 2022
Transactions value $
-$318,295
Form type
4
Date filed
12/6/2022, 03:31 PM
Previous filing
Dec 2, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PARAA Class B common stock Options Exercise $0 +30.6K +4.99% $0.00 643K Dec 4, 2022 Direct F1
transaction PARAA Class B common stock Tax liability -$318K -15.6K -2.43% $20.38 628K Dec 4, 2022 Direct F2
holding PARAA Class B common stock 131 Dec 4, 2022 By Daughter
holding PARAA Class B common stock 36 Dec 4, 2022 By Daughter
holding PARAA Class B common stock 2.98K Dec 4, 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 -30.6K -50% 30.6K Dec 4, 2022 Class B common stock 30.6K Direct F1, F3
* 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 December 4, 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 December 5, 2019, pursuant to the terms of Mr. Bakish's employment agreement, dated as of August 13, 2019. On December 2, 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 $20.38 per share.
F2 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.
F3 Granted under the Issuer's long-term incentive plan for no consideration.