Frederick Terrell - Jul 1, 2023 Form 4 Insider Report for Paramount Global (PARAA)

Role: Director
Signature: /s/ Christa A. D'Alimonte, Attorney-in-Fact for Frederick O. Terrell
Stock symbol: PARAA
Transactions as of: Jul 1, 2023
Transactions value $: $2,930
Form type: 4
Date filed: 7/5/2023, 05:56 PM
Previous filing: May 10, 2023
Next filing: Oct 3, 2023

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	$1.47K	+79	+1.4%	$18.56	5.71K	Jul 1, 2023	Class A common stock	79		Direct	F1
transaction	PARAA	Phantom Class B Common Stock Units	Award	$1.46K	+92	+1.48%	$15.91	6.29K	Jul 1, 2023	Class B common stock	92		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents cash dividends credited during the previous quarter on Phantom Class A Common Stock Units and Phantom Class B Common Stock Units resulting from cash fees previously deferred by the Reporting Person pursuant to the Issuer's deferred compensation arrangement for directors. The dividends 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 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.

Content

Represents cash dividends credited during the previous quarter on Phantom Class A Common Stock Units and Phantom Class B Common Stock Units resulting from cash fees previously deferred by the Reporting Person pursuant to the Issuer's deferred compensation arrangement for directors. The dividends 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 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.