Form 4: Paramount Global Director Dawn Ostroff Reports Stock Transactions

Director Dawn Ostroff reports acquisition of Paramount Global Class B common stock through vesting of restricted share units and dividend equivalents, with deferred receipt.

Summary

• On May 8, 2024, Dawn Ostroff, a director of Paramount Global, acquired 9,260 shares of Class B common stock upon the vesting of Restricted Share Units (RSUs).
• Additionally, 145 shares were acquired due to dividend equivalents that accrued on the RSUs prior to vesting, which were reinvested in Class B common stock on the same date.
• The director has elected to defer receipt of these shares.
• The closing price of Paramount Global's Class B common stock on May 8, 2024, was $12.82 per share.
• The RSUs were granted under the Issuer's equity plan for outside directors for no consideration.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard SEC filing related to stock transactions by a company director.

Positives

• The vesting of RSUs and reinvestment of dividend equivalents indicate a continued investment in Paramount Global by a director.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the actions of company leadership regarding their investment in the company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it reflects standard compensation practices.

Key Dates