Shari Redstone - Jul 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: Jul 1, 2023
Transactions value $: $94,883
Form type: 4
Date filed: 7/5/2023, 05:55 PM
Previous filing: May 17, 2023
Next filing: Oct 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PARAA	Class B common stock	Award	$0	+1.29K	+0.25%	$0.00	515K	Jul 1, 2023	Direct	F1, F2
holding	PARAA	Class B common stock						10.5K	Jul 1, 2023	By GRAT
holding	PARAA	Class B common stock						11.9K	Jul 1, 2023	By GRAT 3
holding	PARAA	Class B common stock						63.1K	Jul 1, 2023	By GRAT 4	F2

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	$47.4K	+2.56K	+6.52%	$18.56	41.7K	Jul 1, 2023	Class A common stock	2.56K		Direct	F3
transaction	PARAA	Phantom Class B Common Stock Units	Award	$47.4K	+2.98K	+7.09%	$15.91	45K	Jul 1, 2023	Class B common stock	2.98K		Direct	F3

* 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, the settlement of which the Reporting Person elected to defer pursuant to the Issuer's deferred compensation arrangement for directors. On June 30, 2023, the last business day preceding July 1, 2023, the closing price of the Issuer's Class B Common Stock on The NASDAQ Global Select Market was $15.91 per share.
F2	Reflects that, since her last ownership report, Reporting Person contributed 63,050 shares of Class B common stock to GRAT #4.
F3	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, or, if that day is not a business day, on the last preceding business day. The cash value of the Phantom Common Stock Units is paid out after the Reporting Person's retirement from the Board.