Robert N. Klieger - Jan 1, 2024 Form 4 Insider Report for Paramount Global (PARAA,PARA)

Role: Director
Signature: /s/ Christa A. D'Alimonte, Attorney-in-Fact for Robert N. Klieger
Stock symbol: PARAA,PARA
Transactions as of: Jan 1, 2024
Transactions value $: $26,114
Form type: 4
Date filed: 1/3/2024, 04:37 PM
Previous filing: Oct 3, 2023
Next filing: Feb 20, 2024

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	Phantom Class A Common Stock Units	Award	$13.1K	+664	+6.42%	$19.66	11K	Jan 1, 2024	Class A common stock	664		Direct	F1
transaction	PARAA,PARA	Phantom Class B Common Stock Units	Award	$13.1K	+883	+7.68%	$14.79	12.4K	Jan 1, 2024	Class B common stock	883		Direct	F1

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

Explanation of Responses:

Id	Content
F1	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.

Content

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.