Form 4: Paramount Global Director Barbara Byrne Boosts Stake Through RSU Vesting and Dividend Reinvestment

Paramount Global Director Barbara M. Byrne increased her beneficial ownership of Class B common stock by 16,467 shares through the vesting of Restricted Share Units and reinvested dividend equivalents, electing to defer receipt of the shares.

Summary

• Barbara M. Byrne, a Director of Paramount Global, acquired 16,195 shares of Class B common stock on June 4, 2025, due to the vesting of Restricted Share Units (RSUs) that were granted on June 4, 2024.
• She also acquired an additional 272 shares of Class B common stock on June 4, 2025, which resulted from dividend equivalents that accrued on her RSUs and were subsequently reinvested.
• The total number of Class B common shares acquired by Ms. Byrne through these transactions is 16,467.
• The closing price of Paramount Global Class B common stock on The NASDAQ Global Select Market on June 4, 2025, was $11.93 per share.
• Following these reported transactions, Barbara M. Byrne's total beneficial ownership of Class B common stock stands at 58,976 shares.
• Ms. Byrne elected to defer the actual receipt of all the newly acquired shares.

Sentiment

Score: 6

Explanation: Slightly positive. While a routine transaction, the director's increased beneficial ownership and decision to defer receipt of shares can be interpreted as a positive sign of long-term commitment to the company.

Positives

• Director Barbara M. Byrne increased her beneficial ownership in Paramount Global by 16,467 shares, which aligns her interests more closely with those of shareholders.
• The decision by the director to defer the receipt of the shares suggests a long-term commitment and confidence in the company's future performance.

Future Outlook

The document does not provide forward-looking statements or guidance beyond the immediate details of the reported insider transaction.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the vesting of equity awards for a director. It does not provide broader industry context or trends for the media and entertainment sector in which Paramount Global operates.

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership aligns the director's interests more closely with shareholders, potentially signaling confidence in the company's future.

Next Steps

• The director's deferred shares will be received at a later date, as per her election.

Key Dates

Keywords

SEC Form 4, Paramount Global, PARAA, PARA, Barbara M. Byrne, Director, Insider Trading, Restricted Share Units, RSU Vesting, Stock Acquisition, Beneficial Ownership, Dividend Reinvestment