Naveen Chopra - Aug 24, 2023 Form 4 Insider Report for Paramount Global (PARAA)

Role
EVP, Chief Financial Officer
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Naveen Chopra
Stock symbol
PARAA
Transactions as of
Aug 24, 2023
Transactions value $
-$510,115
Form type
4
Date filed
8/28/2023, 04:53 PM
Previous filing
May 22, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PARAA Class B common stock Options Exercise $0 +67.8K +74.26% $0.00 159K Aug 24, 2023 Direct F1, F2
transaction PARAA Class B common stock Tax liability -$510K -34.6K -21.76% $14.73 125K Aug 24, 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 -67.8K -50% $0.00 67.8K Aug 24, 2023 Class B common stock 67.8K Direct F1, F4
* 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 August 24, 2023, upon vesting of the third of four equal annual installments of the Restricted Share Units ("RSUs") identified in Table II, which were initially granted on August 24, 2020. On August 24, 2023, the closing price of the Class B common stock on The NASDAQ Global Select Market was $14.73 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.