Julia Phelps - 01 Mar 2024 Form 4 Insider Report for Paramount Global (PARAA,PARA)

Role
EVP, Chief Comms & Corp Mktg
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Julia Phelps
Issuer symbol
PARAA,PARA
Transactions as of
01 Mar 2024
Transactions value $
-$51,618
Form type
4
Filing time
05 Mar 2024, 17:00:41 UTC
Previous filing
04 Dec 2023
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 +7,517 +24% $0 39,446 01 Mar 2024 Direct F1, F2
transaction PARAA,PARA Class B common stock Options Exercise $0 +4,030 +10% $0 43,476 01 Mar 2024 Direct F3
transaction PARAA,PARA Class B common stock Tax liability -$51,618 -4,714 -11% $10.95 38,762 01 Mar 2024 Direct F4
holding PARAA,PARA Class B common stock 170 01 Mar 2024 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 -4,030 -33% $0 8,059 01 Mar 2024 Class B common stock 4,030 Direct F3, F5
transaction PARAA,PARA Restricted Share Units Options Exercise $0 -7,517 -33% $0 15,033 01 Mar 2024 Class B common stock 7,517 Direct F1, F5
transaction PARAA,PARA Restricted Share Units Award $0 +42,037 $0 42,037 01 Mar 2024 Class B common stock 42,037 Direct F5, F6
* 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 March 1, 2024, upon vesting of the first of three equal annual installments of the Restricted Share Units ("RSUs") identified in Table II, which were initially granted on March 1, 2023. On March 1, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.95 per share.
F2 Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
F3 The shares identified in Table I were issued on March 1, 2024, upon vesting of the second of four equal annual installments of the RSUs identified in Table II, which were initially granted on March 1, 2022. On March 1, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.95 per share.
F4 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.
F5 Granted under the Issuer's long-term incentive plan for no consideration.
F6 These RSUs will vest in three equal annual installments beginning on March 1, 2025, and a corresponding number of shares of Class B common stock, net of any shares withheld by the Issuer to satisfy tax liability incident to the vesting of the RSUs, will be delivered on each vest date.