DeDe Lea - 01 Mar 2024 Form 4 Insider Report for Paramount Global (PARA)

Reporting relationship: EVP, Pub Pol'y & Gov Relations
Issuer ticker: PARA
Reported as of: 01 Mar 2024
Net transaction value: -$42,179
SEC form: 4
Accepted by SEC: 05 Mar 2024, 16:59:40 UTC
Prior SEC filing: 04 Dec 2023
Next SEC filing: 03 Dec 2024
Source filing: View source filing
Reporting owner signature: /s/ Christa A. D'Alimonte, Attorney-in-Fact for DeDe Lea

Key filing fact

DeDe Lea filed Form 4 for Paramount Global (PARA) on 05 Mar 2024.

Key facts

This page summarizes DeDe Lea's Form 4 filing for Paramount Global (PARA).
6 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 05 Mar 2024, 16:59.

Change

Previous filing in this sequence was filed on 04 Dec 2023.
Current net transaction value: -$42,179.

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: +9,396
Change %: +18%
Price: $0.000000
Shares after: 60,718
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F1

PARAA,PARA transaction

Class B common stock

Options Exercise

Transaction value: $0
Shares: +3,778
Change %: +6.2%
Price: $0.000000
Shares after: 64,496
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F2

PARAA,PARA transaction

Class B common stock

Tax liability

Transaction value: $42,179
Shares: -3,852
Change %: -6%
Price: $10.95
Shares after: 60,644
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F3

PARAA,PARA holding

Class B common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 819
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: -3,778
Change %: -33%
Price: $0.000000
Shares after: 7,556
Date: 01 Mar 2024
Ownership: Direct
Underlying class: Class B common stock
Underlying amount: 3,778
Exercise price
Footnotes: F2, F4

PARAA,PARA transaction Derivative

Restricted Share Units

Options Exercise

Transaction value: $0
Shares: -9,396
Change %: -33%
Price: $0.000000
Shares after: 18,791
Date: 01 Mar 2024
Ownership: Direct
Underlying class: Class B common stock
Underlying amount: 9,396
Exercise price
Footnotes: F1, F4

PARAA,PARA transaction Derivative

Restricted Share Units

Award

Transaction value: $0
Shares: +52,546
Change %
Price: $0.000000
Shares after: 52,546
Date: 01 Mar 2024
Ownership: Direct
Underlying class: Class B common stock
Underlying amount: 52,546
Exercise price
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 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

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 F3

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 F4

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

Footnote F5

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.