Robert M. Bakish - Mar 1, 2024 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
Mar 1, 2024
Transactions value $
-$842,997
Form type
4
Date filed
3/5/2024, 04:57 PM
Previous 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 +116K +14.27% $0.00 926K Mar 1, 2024 Direct F1, F2
transaction PARAA,PARA Class B common stock Options Exercise $0 +62K +6.69% $0.00 988K Mar 1, 2024 Direct F3
transaction PARAA,PARA Class B common stock Tax liability -$843K -77K -7.79% $10.95 911K Mar 1, 2024 Direct F4
holding PARAA,PARA Class B common stock 131 Mar 1, 2024 By Daughter
holding PARAA,PARA Class B common stock 36 Mar 1, 2024 By Daughter
holding PARAA,PARA Class B common stock 3.09K Mar 1, 2024 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 -62K -33.33% $0.00 124K Mar 1, 2024 Class B common stock 62K Direct F3, F5
transaction PARAA,PARA Restricted Share Units Options Exercise $0 -116K -33.33% $0.00 231K Mar 1, 2024 Class B common stock 116K Direct F1, F5
transaction PARAA,PARA Restricted Share Units Award $0 +647K $0.00 647K Mar 1, 2024 Class B common stock 647K Direct F5, F6
* 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 March 1, 2024, upon vesting of the first of three equal annual installments of the Restricted Share Units ("RSUs") identified in Table II, which were initially granted on March 1, 2023. On March 1, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.95 per share.
F2 Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
F3 The shares identified in Table I were issued on March 1, 2024, upon vesting of the second of four equal annual installments of the RSUs identified in Table II, which were initially granted on March 1, 2022. On March 1, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.95 per share.
F4 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.
F5 Granted under the Issuer's long-term incentive plan for no consideration.
F6 These RSUs will vest in three equal annual installments beginning on March 1, 2025, and a corresponding number of shares of Class B common stock, net of any shares withheld by the Issuer to satisfy tax liability incident to the vesting of the RSUs, will be delivered on each vest date.