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

Role: EVP, Pub Pol'y & Gov Relations
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.