PARA.Paramount Global

Form 4: Paramount Global Director Charles Phillips Jr. Reports Changes in Beneficial Ownership

Sentiment:

SEC Filing Form 4

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Director Charles Phillips Jr. reports acquisition of Class B common stock and Phantom Stock Units due to dividend reinvestments and deferred compensation.

Summary

  • Charles Phillips Jr., a director of Paramount Global, filed a Form 4 detailing changes in his beneficial ownership.
  • On April 1, 2024, Phillips acquired 458 shares of Class B common stock at $0.00 due to the reinvestment of dividends from vested Restricted Share Units.
  • He also acquired 13 Phantom Class A Common Stock Units and 24 Phantom Class B Common Stock Units due to dividend credits from deferred compensation.
  • Following these transactions, Phillips directly owns 91,606 shares of Class B common stock, 5,046 Phantom Class A Common Stock Units, and 5,855 Phantom Class B Common Stock Units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to dividend reinvestment and deferred compensation, indicating a continued stake in the company by the director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the director's continued investment in the company through dividend reinvestment and deferred compensation.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the director's holdings and transactions.

Key Dates

DateDescription
04/01/2024Date of transaction: Acquisition of Class B common stock and Phantom Stock Units.
04/03/2024Date of signature on the Form 4 filing.

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