Robert M. Bakish - 01 Mar 2024 Form 4 Insider Report for Paramount Global (PARA)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
05 Mar 2024, 16:57:21 UTC
Prior SEC filing
06 Dec 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Robert M. Bakish

Key filing fact

Robert M. Bakish filed Form 4 for Paramount Global (PARA) on 05 Mar 2024.

Key facts

  • This page summarizes Robert M. Bakish's Form 4 filing for Paramount Global (PARA).
  • 6 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 05 Mar 2024, 16:57.

Change

  • Previous filing in this sequence was filed on 06 Dec 2023.
  • Current net transaction value: -$842,997.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PARAA,PARA transaction

Class B common stock

Options Exercise

Transaction value
$0
Shares
+115,640
Change %
+14%
Price
$0.000000
Shares after
926,272
Date
01 Mar 2024
Ownership
Direct
Footnotes
F1, F2
PARAA,PARA transaction

Class B common stock

Options Exercise

Transaction value
$0
Shares
+61,997
Change %
+6.7%
Price
$0.000000
Shares after
988,269
Date
01 Mar 2024
Ownership
Direct
Footnotes
F3
PARAA,PARA transaction

Class B common stock

Tax liability

Transaction value
$842,997
Shares
-76,986
Change %
-7.8%
Price
$10.95
Shares after
911,283
Date
01 Mar 2024
Ownership
Direct
Footnotes
F4
PARAA,PARA holding

Class B common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
131
Date
01 Mar 2024
Ownership
By Daughter
PARAA,PARA holding

Class B common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
36
Date
01 Mar 2024
Ownership
By Daughter
PARAA,PARA holding

Class B common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,093
Date
01 Mar 2024
Ownership
By 401(k)

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PARAA,PARA transaction Derivative

Restricted Share Units

Options Exercise

Transaction value
$0
Shares
-61,997
Change %
-33%
Price
$0.000000
Shares after
123,992
Date
01 Mar 2024
Ownership
Direct
Underlying class
Class B common stock
Underlying amount
61,997
Exercise price
Footnotes
F3, F5
PARAA,PARA transaction Derivative

Restricted Share Units

Options Exercise

Transaction value
$0
Shares
-115,640
Change %
-33%
Price
$0.000000
Shares after
231,281
Date
01 Mar 2024
Ownership
Direct
Underlying class
Class B common stock
Underlying amount
115,640
Exercise price
Footnotes
F1, F5
PARAA,PARA transaction Derivative

Restricted Share Units

Award

Transaction value
$0
Shares
+646,726
Change %
Price
$0.000000
Shares after
646,726
Date
01 Mar 2024
Ownership
Direct
Underlying class
Class B common stock
Underlying amount
646,726
Exercise price
Footnotes
F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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.

Footnote F2

Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.

Footnote 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.

Footnote 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.

Footnote F5

Granted under the Issuer's long-term incentive plan for no consideration.

Footnote 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.

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