DeDe Lea - 01 Nov 2023 Form 4 Insider Report for Paramount Global (PARA)

Role
EVP, Pub Pol'y & Gov Relations
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for DeDe Lea
Issuer symbol
PARA
Transactions as of
01 Nov 2023
Net transactions value
-$20,120
Form type
4
Filing time
03 Nov 2023, 17:03:28 UTC
Previous filing
03 Mar 2023
Next filing
04 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PARA Class B common stock Options Exercise $0 +6,355 +14% $0.000000 50,965 01 Nov 2023 Direct F1
transaction PARA Class B common stock Tax liability $20,120 -1,863 -3.7% $10.80 49,102 01 Nov 2023 Direct F2
holding PARA Class B common stock 814 01 Nov 2023 By 401(k)

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 PARA Restricted Share Units Options Exercise $0 -6,355 -100% $0.000000* 0 01 Nov 2023 Class B common stock 6,355 Direct F1, F3
* 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 November 1, 2023, upon vesting of the final of four equal annual installments of the Restricted Share Units ("RSUs") identified in Table II, which were initially granted on November 1, 2019. On November 1, 2023, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.80 per share.
F2 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.
F3 Granted under the Issuer's long-term incentive plan for no consideration.