Shari Redstone - Jan 1, 2023 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: Jan 1, 2023
Transactions value $: $92,601
Form type: 4
Date filed: 1/4/2023, 04:01 PM
Previous filing: Oct 4, 2022
Next filing: Feb 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PARAA	Class B common stock	Award	$0	+1.2K	+0.32%	$0.00	380K	Jan 1, 2023	Direct	F1, F2
holding	PARAA	Class B common stock						10.5K	Jan 1, 2023	By GRAT	F3
holding	PARAA	Class B common stock						34.4K	Jan 1, 2023	By GRAT 3

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	$46.3K	+2.36K	+6.74%	$19.61	37.4K	Jan 1, 2023	Class A common stock	2.36K		Direct	F4
transaction	PARAA	Phantom Class B Common Stock Units	Award	$46.3K	+2.74K	+7.38%	$16.88	39.9K	Jan 1, 2023	Class B common stock	2.74K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the regular quarterly crediting of vested Restricted Share Units with a fair market value equal to the amount of cash dividends in such quarter attributable to previously vested Restricted Share Units. On December 30, 2022, the last business day preceding January 1, 2023, the closing price of the Issuer's Class B common stock on The NASDAQ Global Select Market was $16.88 per share.
F2	Reflects that, since her last ownership report, Reporting Person received 17,000 shares from one of her grantor retained annuity trusts ("GRAT") as an annuity payment and now reports "direct" beneficial ownership of those shares. Also includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
F3	Reflects that, since her last ownership report, Reporting Person received 17,000 shares from one of her GRATs as an annuity payment and now reports "direct" beneficial ownership of those shares.
F4	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.