Nancy R. Phillips - 16 Dec 2022 Form 4 Insider Report for Paramount Global (PARA)

Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Nancy Phillips
Issuer symbol
PARA
Transactions as of
16 Dec 2022
Net transactions value
-$166,747
Form type
4
Filing time
20 Dec 2022, 15:36:24 UTC
Previous filing
02 Dec 2022
Next filing
23 Jan 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 +18,868 +69% $0.000000 46,354 16 Dec 2022 Direct F1
transaction PARAA Class B common stock Tax liability $166,747 -9,633 -21% $17.31 36,721 16 Dec 2022 Direct 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 Restricted Share Units Options Exercise -18,868 -50% 18,867 16 Dec 2022 Class B common stock 18,868 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 16, 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 16, 2019, pursuant to the terms of Ms. Phillips's employment agreement and letter agreement, each dated as of December 2, 2019. On December 16, 2022, the closing price of the Class B common stock on The NASDAQ Global Select Market was $17.31 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.