Robert M. Bakish - 04 Dec 2023 Form 4 Insider Report for Paramount Global (PARAA,PARA)

Role
President and CEO, Director
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Robert M. Bakish
Issuer symbol
PARAA,PARA
Transactions as of
04 Dec 2023
Transactions value $
-$249,107
Form type
4
Filing time
06 Dec 2023, 16:31:06 UTC
Previous filing
04 Dec 2023
Next filing
05 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PARAA,PARA Class B common stock Options Exercise $0 +30,592 +3.86% $0 823,449 04 Dec 2023 Direct F1
transaction PARAA,PARA Class B common stock Tax liability -$249,107 -15,618 -1.9% $15.95 807,831 04 Dec 2023 Direct F2
holding PARAA,PARA Class B common stock 131 04 Dec 2023 By Daughter
holding PARAA,PARA Class B common stock 36 04 Dec 2023 By Daughter
holding PARAA,PARA Class B common stock 3,092 04 Dec 2023 By 401(k)

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 PARAA,PARA Restricted Share Units Options Exercise $0 -30,592 -100% $0* 0 04 Dec 2023 Class B common stock 30,592 Direct F1, F3
* 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 December 4, 2023, upon vesting of the last of four equal annual installments of the Restricted Share Units ("RSUs") identified in Table II, which were initially granted on December 5, 2019, pursuant to the terms of Mr. Bakish's employment agreement, dated as of August 13, 2019. On December 4, 2023, the closing price of the Class B common stock on The NASDAQ Global Select Market was $15.95 per share.
F2 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-markettransaction.
F3 Granted under the Issuer's long-term incentive plan for no consideration.