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

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.