DeDe Lea - Dec 24, 2024 Form 4 Insider Report for Paramount Global (PARAA,PARA)

Role
EVP, Pub Pol'y & Gov Relations
Signature
/s/ Caryn K. Groce, Attorney-in-Fact for DeDe Lea
Stock symbol
PARAA,PARA
Transactions as of
Dec 24, 2024
Transactions value $
-$141,670
Form type
4
Date filed
12/27/2024, 05:09 PM
Previous filing
Dec 3, 2024

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 +17.5K +27.86% $0.00 80.4K Dec 24, 2024 Direct F1, F2
transaction PARAA,PARA Class B common stock Options Exercise $0 +9.4K +11.69% $0.00 89.8K Dec 24, 2024 Direct F1, F3
transaction PARAA,PARA Class B common stock Options Exercise $0 +3.78K +4.21% $0.00 93.6K Dec 24, 2024 Direct F1, F4
transaction PARAA,PARA Class B common stock Tax liability -$142K -13.6K -14.53% $10.42 80K Dec 24, 2024 Direct F5
holding PARAA,PARA Class B common stock 831 Dec 24, 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 -3.78K -50% $0.00 3.78K Dec 24, 2024 Class B common stock 3.78K Direct F1, F4, F6
transaction PARAA,PARA Restricted Share Units Options Exercise $0 -9.4K -50% $0.00 9.4K Dec 24, 2024 Class B common stock 9.4K Direct F1, F3, F6
transaction PARAA,PARA Restricted Share Units Options Exercise $0 -17.5K -33.33% $0.00 35K Dec 24, 2024 Class B common stock 17.5K Direct F1, F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects accelerated vesting of Restricted Share Units ("RSUs"), which were otherwise scheduled to vest in 2025, to mitigate the potential impact to the Issuer and the Reporting Person of Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, in connection with the pending transactions among the Issuer, Skydance Media, LLC and other parties.
F2 The shares identified in Table I were issued on December 24, 2024, upon vesting of the first of three installments of the RSUs identified in Table II, which were initially granted on March 1, 2024. On December 24, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.42 per share.
F3 The shares identified in Table I were issued on December 24, 2024, upon the vesting of the second of three installments of the RSUs identified in Table II, which were initially granted on March 1, 2023. On December 24, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.42 per share.
F4 The shares identified in Table I were issued on December 24, 2024, upon vesting of the third of four installments of the RSUs identified in Table II, which were initially granted on March 1, 2022. On December 24, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.42 per share.
F5 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.
F6 Granted under the Issuer's long-term incentive plan for no consideration.