Nancy R. Phillips - 24 Dec 2024 Form 4 Insider Report for Paramount Global (PARA)

Reporting relationship: EVP, Chief People Officer
Issuer ticker: PARA
Reported as of: 24 Dec 2024
Net transaction value: -$259,771
SEC form: 4
Accepted by SEC: 27 Dec 2024, 17:07:05 UTC
Prior SEC filing: 03 Dec 2024
Next SEC filing: 28 Jan 2025
Source filing: View source filing
Reporting owner signature: /s/ Caryn K. Groce, Attorney-in-Fact for Nancy Phillips

Key filing fact

Nancy R. Phillips filed Form 4 for Paramount Global (PARA) on 27 Dec 2024.

Key facts

This page summarizes Nancy R. Phillips's Form 4 filing for Paramount Global (PARA).
9 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 27 Dec 2024, 17:07.

Change

Previous filing in this sequence was filed on 03 Dec 2024.
Current net transaction value: -$259,771.

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: +21,019
Change %: +31%
Price: $0.000000
Shares after: 89,331
Date: 24 Dec 2024
Ownership: Direct
Footnotes: F1, F2

PARAA,PARA transaction

Class B common stock

Options Exercise

Transaction value: $0
Shares: +11,275
Change %: +13%
Price: $0.000000
Shares after: 100,606
Date: 24 Dec 2024
Ownership: Direct
Footnotes: F1, F3

PARAA,PARA transaction

Class B common stock

Options Exercise

Transaction value: $0
Shares: +10,492
Change %: +10%
Price: $0.000000
Shares after: 111,098
Date: 24 Dec 2024
Ownership: Direct
Footnotes: F1, F4

PARAA,PARA transaction

Class B common stock

Options Exercise

Transaction value: $0
Shares: +6,044
Change %: +5.4%
Price: $0.000000
Shares after: 117,142
Date: 24 Dec 2024
Ownership: Direct
Footnotes: F1, F5

PARAA,PARA transaction

Class B common stock

Tax liability

Transaction value: $259,771
Shares: -24,930
Change %: -21%
Price: $10.42
Shares after: 92,212
Date: 24 Dec 2024
Ownership: Direct
Footnotes: F6

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: -6,044
Change %: -50%
Price: $0.000000
Shares after: 6,045
Date: 24 Dec 2024
Ownership: Direct
Underlying class: Class B common stock
Underlying amount: 6,044
Exercise price
Footnotes: F1, F5, F7

PARAA,PARA transaction Derivative

Restricted Share Units

Options Exercise

Transaction value: $0
Shares: -11,275
Change %: -50%
Price: $0.000000
Shares after: 11,275
Date: 24 Dec 2024
Ownership: Direct
Underlying class: Class B common stock
Underlying amount: 11,275
Exercise price
Footnotes: F1, F3, F7

PARAA,PARA transaction Derivative

Restricted Share Units

Options Exercise

Transaction value: $0
Shares: -21,019
Change %: -33%
Price: $0.000000
Shares after: 42,037
Date: 24 Dec 2024
Ownership: Direct
Underlying class: Class B common stock
Underlying amount: 21,019
Exercise price
Footnotes: F1, F2, F7

PARAA,PARA transaction Derivative

Restricted Share Units

Options Exercise

Transaction value: $0
Shares: -10,492
Change %: -33%
Price: $0.000000
Shares after: 20,983
Date: 24 Dec 2024
Ownership: Direct
Underlying class: Class B common stock
Underlying amount: 10,492
Exercise price
Footnotes: F1, F4, F7

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F4

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 June 12, 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.

Footnote F5

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.

Footnote F6

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 F7

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