Shari Redstone - Oct 1, 2024 Form 4 Insider Report for Paramount Global (PARAA,PARA)

Role
Director
Signature
/s/ Caryn K. Groce, Attorney-in-Fact for Shari Redstone
Stock symbol
PARAA,PARA
Transactions as of
Oct 1, 2024
Transactions value $
$80,209
Form type
4
Date filed
10/3/2024, 05:01 PM
Previous filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PARAA,PARA Class B common stock Award $0 +422 +0.07% $0.00 600K Oct 1, 2024 Direct F1, F2
holding PARAA,PARA Class B common stock 17.1K Oct 1, 2024 By GRAT 4

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 $40.1K +1.83K +3.63% $21.90 52.2K Oct 1, 2024 Class A common stock 1.83K Direct F3
transaction PARAA,PARA Phantom Class B Common Stock Units Award $40.1K +3.78K +6.51% $10.60 61.9K Oct 1, 2024 Class B common stock 3.78K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the regular quarterly crediting of vested Restricted Share Units ("RSUs") with a fair market value equal to the amount of cash dividends in such quarter attributable to previously vested RSUs, the settlement of which the Reporting Person elected to defer pursuant to the Issuer's deferred compensation arrangement for directors. On October 1, 2024, the closing price of the Issuer's Class B Common Stock on The NASDAQ Global Select Market was $10.60 per share.
F2 Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
F3 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.