Form 4: Paramount Global Director Frederick Terrell Reports Stock Transactions

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

Summary

• Frederick Terrell, a director of Paramount Global, reported transactions involving Class B common stock on May 8, 2024.
• He acquired 9,260 shares through the vesting of Restricted Share Units (RSUs) granted on May 8, 2023, which vested on May 8, 2024, at a price of $0 per share, but elected to defer receipt.
• Additionally, he acquired 145 shares due to dividend equivalents that accrued on RSUs prior to vesting, reinvested in Class B common stock on May 8, 2024, also at $0.0000 per share, with deferred receipt.
• Following these transactions, Terrell beneficially owns 32,711 shares of Class B common stock directly.
• The closing price of Paramount Global's Class B common stock on The NASDAQ Global Select Market on May 8, 2024, was $12.82 per share.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The director's increased stake in the company could be interpreted as a sign of confidence in Paramount Global's future prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's view of the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares, although the effect is likely negligible.

Key Dates