DeDe Lea - Mar 1, 2023 Form 4 Insider Report for Paramount Global (PARAA)

Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for DeDe Lea
Stock symbol
PARAA
Transactions as of
Mar 1, 2023
Transactions value $
-$23,957
Form type
4
Date filed
3/3/2023, 04:41 PM
Previous filing
Dec 2, 2022
Next filing
Nov 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 +3.78K +9.01% $0.00 45.7K Mar 1, 2023 Direct F1
transaction PARAA Class B common stock Tax liability -$24K -1.1K -2.41% $21.72 44.6K Mar 1, 2023 Direct F2
holding PARAA Class B common stock 801 Mar 1, 2023 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 -3.78K -25% $0.00 11.3K Mar 1, 2023 Class B common stock 3.78K Direct F1, F3
transaction PARAA Restricted Share Units Award $0 +28.2K $0.00 28.2K Mar 1, 2023 Class B common stock 28.2K Direct F3, 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 March 1, 2023, upon vesting of the first of four equal annual installments of the Restricted Share Units ("RSUs") identified in Table II, which were initially granted on March 1, 2022. On March 1, 2023, the closing price of the Class B common stock on The NASDAQ Global Select Market was $21.72 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.
F4 These RSUs will vest in three equal annual installments beginning on March 1, 2024, and a corresponding number of shares of Class B common stock, net of any shares withheld by the Issuer to satisfy tax liability incident to the vesting of the RSUs, will be delivered on each vest date.