Robert N. Klieger - Jan 1, 2023 Form 4 Insider Report for Paramount Global (PARAA)

Role: Director
Signature: /s/ Christa A. D'Alimonte, Attorney-in-Fact for Robert N. Klieger
Stock symbol: PARAA
Transactions as of: Jan 1, 2023
Transactions value $: $28,792
Form type: 4
Date filed: 1/4/2023, 03:59 PM
Previous filing: Oct 4, 2022
Next filing: Feb 17, 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	$14.4K	+734	+9.89%	$19.61	8.16K	Jan 1, 2023	Class A common stock	734		Direct	F1
transaction	PARAA	Phantom Class B Common Stock Units	Award	$14.4K	+853	+10.58%	$16.88	8.91K	Jan 1, 2023	Class B common stock	853		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.

Content

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.