R. Nancy Phillips - Mar 1, 2023 Form 4 Insider Report for Paramount Global (PARAA)

Role: EVP, Chief People Officer
Signature: /s/ Christa A. D'Alimonte, Attorney-in-Fact for Nancy Phillips
Stock symbol: PARAA
Transactions as of: Mar 1, 2023
Transactions value $: -$47,176
Form type: 4
Date filed: 3/3/2023, 04:41 PM
Previous filing: Jan 23, 2023
Next filing: Dec 4, 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	+6.05K	+16.3%	$0.00	43.1K	Mar 1, 2023	Direct	F1, F2
transaction	PARAA	Class B common stock	Tax liability	-$47.2K	-2.17K	-5.04%	$21.72^*	41K	Mar 1, 2023	Direct	F3

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	-6.05K	-25%	$0.00	18.1K	Mar 1, 2023	Class B common stock	6.05K		Direct	F1, F4
transaction	PARAA	Restricted Share Units	Award	$0	+33.8K		$0.00	33.8K	Mar 1, 2023	Class B common stock	33.8K		Direct	F4, F5

* 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	Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
F3	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.
F4	Granted under the Issuer's long-term incentive plan for no consideration.
F5	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.