Brian Robbins - 24 Dec 2024 Form 4 Insider Report for Paramount Global (PARA)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
27 Dec 2024, 17:08:08 UTC
Prior SEC filing
03 Dec 2024
Next SEC filing
05 Feb 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Caryn K. Groce, Attorney-in-Fact for Brian Robbins

Key filing fact

Brian Robbins filed Form 4 for Paramount Global (PARA) on 27 Dec 2024.

Key facts

  • This page summarizes Brian Robbins's Form 4 filing for Paramount Global (PARA).
  • 10 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 27 Dec 2024, 17:08.

Change

  • Previous filing in this sequence was filed on 03 Dec 2024.
  • Current net transaction value: -$4,962,973.

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
+285,714
Change %
+5619%
Price
$0.000000
Shares after
290,799
Date
24 Dec 2024
Ownership
Direct
Footnotes
F1, F2
PARAA,PARA transaction

Class B common stock

Options Exercise

Transaction value
$0
Shares
+267,987
Change %
+92%
Price
$0.000000
Shares after
558,786
Date
24 Dec 2024
Ownership
Direct
Footnotes
F1, F3
PARAA,PARA transaction

Class B common stock

Award

Transaction value
$0
Shares
+215,276
Change %
+39%
Price
$0.000000
Shares after
774,062
Date
24 Dec 2024
Ownership
Direct
Footnotes
F4
PARAA,PARA transaction

Class B common stock

Options Exercise

Transaction value
$0
Shares
+93,958
Change %
+12%
Price
$0.000000
Shares after
868,020
Date
24 Dec 2024
Ownership
Direct
Footnotes
F1, F5
PARAA,PARA transaction

Class B common stock

Options Exercise

Transaction value
$0
Shares
+50,372
Change %
+5.8%
Price
$0.000000
Shares after
918,392
Date
24 Dec 2024
Ownership
Direct
Footnotes
F1, F6
PARAA,PARA transaction

Class B common stock

Tax liability

Transaction value
$4,962,973
Shares
-476,293
Change %
-52%
Price
$10.42
Shares after
442,099
Date
24 Dec 2024
Ownership
Direct
Footnotes
F7
PARAA,PARA holding

Class B common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
182
Date
24 Dec 2024
Ownership
By Family LLC

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
-50,372
Change %
-100%
Price
$0.000000
Shares after
0
Date
24 Dec 2024
Ownership
Direct
Underlying class
Class B common stock
Underlying amount
50,372
Exercise price
Footnotes
F1, F6, F8
PARAA,PARA transaction Derivative

Restricted Share Units

Options Exercise

Transaction value
$0
Shares
-93,958
Change %
-100%
Price
$0.000000
Shares after
0
Date
24 Dec 2024
Ownership
Direct
Underlying class
Class B common stock
Underlying amount
93,958
Exercise price
Footnotes
F1, F5, F8
PARAA,PARA transaction Derivative

Restricted Share Units

Options Exercise

Transaction value
$0
Shares
-267,987
Change %
-100%
Price
$0.000000
Shares after
0
Date
24 Dec 2024
Ownership
Direct
Underlying class
Class B common stock
Underlying amount
267,987
Exercise price
Footnotes
F1, F3, F8
PARAA,PARA transaction Derivative

Restricted Share Units

Options Exercise

Transaction value
$0
Shares
-285,714
Change %
-100%
Price
$0.000000
Shares after
0
Date
24 Dec 2024
Ownership
Direct
Underlying class
Class B common stock
Underlying amount
285,714
Exercise price
Footnotes
F1, F2, F8
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Reflects accelerated vesting of Restricted Share Units ("RSUs"), which were otherwise scheduled to vest in 2025, 2026 and 2027, 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 (the "280G Impact").

Footnote F2

The shares identified in Table I were issued on December 24, 2024, upon the vesting of the RSUs identified in Table II, which were initially granted on October 8, 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 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 F4

Acquired upon accelerated vesting of Performance Share Units ("PSUs") with performance periods ending in calendar years 2026 and 2027 to mitigate the 280G Impact. 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 the vesting 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 F6

The shares identified in Table I were issued on December 24, 2024, upon the vesting 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 F7

These shares were withheld by the Issuer to satisfy tax liability incident to the vesting of, and delivery of shares underlying, the RSUs and the PSUs, and were not actually sold or otherwise disposed of in an open-market transaction.

Footnote F8

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

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