JUDITH MCHALE - 15 Feb 2022 Form 4 Insider Report for Paramount Global (PARA)

Role
Director
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Judith McHale
Issuer symbol
PARA
Transactions as of
15 Feb 2022
Net transactions value
$0
Form type
4
Filing time
17 Feb 2022, 16:31:27 UTC
Previous filing
11 Jan 2022
Next filing
05 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PARA Class B common stock Options Exercise $0 +3,430 +18% $0.000000 22,969 15 Feb 2022 Direct F1, F2
transaction PARA Class B common stock Award $0 +262 +1.1% $0.000000 23,231 15 Feb 2022 Direct F3

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 PARA Restricted Share Units Options Exercise $0 -3,430 -100% $0.000000* 0 15 Feb 2022 Class B common stock 3,430 Direct F1, F4
transaction PARA Restricted Share Units Award $0 +5,558 $0.000000 5,558 15 Feb 2022 Class B common stock 5,558 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares identified in Table I represent shares of the Issuer's Class B common stock to which the Reporting Person became entitled, upon vesting of Restricted Share Units ("RSUs") identified in Table II, which were granted on February 15, 2021 and that vested on February 15, 2022, but which have not been received because the director elected to defer receipt. On February 15, 2022, the closing price of the Class B common stock on The NASDAQ Global Select Market was $35.99 per share.
F2 Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11, and reflects that eight shares previously reported as Class A common stock are Class B common stock.
F3 Represents shares of the Issuer's Class B common stock to which the Reporting Person became entitled with respect to dividend equivalents that accrued on RSUs prior to vesting and on previously vested RSUs, both of which were reinvested in Class B common stock on February 15, 2022, but which have not been received because the director elected to defer receipt. On February 15, 2022, the closing price of the Class B common stock on The NASDAQ Global Select Market was $35.99 per share.
F4 Granted under the Issuer's equity plan for outside directors for no consideration.
F5 These RSUs will vest on February 15, 2023, and a corresponding number of Class B shares will be delivered on that date, unless the director has elected to defer receipt.