Robert M. Bakish - Nov 30, 2023 Form 4 Insider Report for Paramount Global (PARAA,PARA)

Role
President and CEO, Director
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Robert M. Bakish
Stock symbol
PARAA,PARA
Transactions as of
Nov 30, 2023
Transactions value $
-$623,802
Form type
4
Date filed
12/4/2023, 05:06 PM
Previous filing
Nov 7, 2023
Next filing
Dec 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PARAA,PARA Class B common stock Options Exercise $0 +85K +11.32% $0.00 836K Nov 30, 2023 Direct F1
transaction PARAA,PARA Class B common stock Tax liability -$624K -43.4K -5.19% $14.37 793K Nov 30, 2023 Direct F2
holding PARAA,PARA Class B common stock 131 Nov 30, 2023 By Daughter
holding PARAA,PARA Class B common stock 36 Nov 30, 2023 By Daughter
holding PARAA,PARA Class B common stock 3.09K Nov 30, 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 PARAA,PARA Restricted Share Units Options Exercise $0 -85K -50% $0.00 85K Nov 30, 2023 Class B common stock 85K 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 30, 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 November 30, 2020. On November 30, 2023, the closing price of the Class B common stock on The NASDAQ Global Select Market was $14.37 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.