SHARI REDSTONE - 01 Jul 2023 Form 4 Insider Report for Paramount Global (PARAA)

Role
Director
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Shari Redstone
Issuer symbol
PARAA
Transactions as of
01 Jul 2023
Net transactions value
+$94,883
Form type
4
Filing time
05 Jul 2023, 17:55:12 UTC
Previous filing
17 May 2023
Next filing
03 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PARAA Class B common stock Award $0 +1,286 +0.25% $0.000000 515,300 01 Jul 2023 Direct F1, F2
holding PARAA Class B common stock 10,525 01 Jul 2023 By GRAT
holding PARAA Class B common stock 11,923 01 Jul 2023 By GRAT 3
holding PARAA Class B common stock 63,050 01 Jul 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 $47,439 +2,556 +6.5% $18.56 41,738 01 Jul 2023 Class A common stock 2,556 Direct F3
transaction PARAA Phantom Class B Common Stock Units Award $47,444 +2,982 +7.1% $15.91 45,016 01 Jul 2023 Class B common stock 2,982 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.