Frederick Terrell - Jan 1, 2024 Form 4 Insider Report for Paramount Global (PARAA,PARA)

Role: Director
Signature: /s/ Christa A. D'Alimonte, Attorney-in-Fact for Frederick O. Terrell
Stock symbol: PARAA,PARA
Transactions as of: Jan 1, 2024
Transactions value $: $625
Form type: 4
Date filed: 1/3/2024, 04:39 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	$315	+16	+0.28%	$19.66	5.75K	Jan 1, 2024	Class A common stock	16		Direct	F1
transaction	PARAA,PARA	Phantom Class B Common Stock Units	Award	$311	+21	+0.33%	$14.79	6.34K	Jan 1, 2024	Class B common stock	21		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.