Christa A. Dalimonte - 30 Nov 2022 Form 4 Insider Report for Paramount Global (PARA)

Role
EVP, General Counsel & Secy
Signature
/s/ Christa A. D'Alimonte
Issuer symbol
PARA
Transactions as of
30 Nov 2022
Transactions value $
-$149,777
Form type
4
Filing time
02 Dec 2022, 15:43:10 UTC
Previous filing
03 Nov 2022
Next filing
03 Mar 2023
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 +11.6K +20.17% $0.00 69.3K 30 Nov 2022 Direct F1
transaction PARA Class B common stock Options Exercise $0 +1.86K +2.68% $0.00 71.1K 30 Nov 2022 Direct F2
transaction PARA Class B common stock Tax liability -$150K -7.46K -10.49% $20.08 63.7K 30 Nov 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 -1.86K -100% 0 30 Nov 2022 Class B common stock 1.86K Direct F2, F4
transaction PARA Restricted Share Units Options Exercise -11.6K -33.33% 23.3K 30 Nov 2022 Class B common stock 11.6K Direct F1, F4
* 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 were issued on November 30, 2022, upon vesting of the second of four equal annual installments of the Restricted Share Units ("RSUs") identified in Table II, which were initially granted on November 30, 2020. On November 30, 2022, the closing price of the Class B common stock on The NASDAQ Global Select Market was $20.08 per share.
F2 The shares identified in Table I were issued on November 30, 2022, upon vesting of the last of four equal annual installments of the RSUs identified in Table II, which were initially granted on November 30, 2018. On November 30, 2022, the closing price of the Class B common stock on The NASDAQ Global Select Market was $20.08 per share.
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.
F4 Granted under the Issuer's long-term incentive plan for no consideration.