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 reinvestment of dividend equivalents.

Summary

• Frederick Terrell, a director of Paramount Global, reported transactions involving the company's Class B common stock on March 1, 2024.
• Terrell acquired 2,169 shares through the vesting of Restricted Share Units (RSUs) granted on March 1, 2023, which vested on March 1, 2024.
• He also acquired 78 shares 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 price for both transactions was $0.00, as they relate to vesting and dividend reinvestment.
• Terrell's direct ownership following these transactions is 23,306 shares of Class B common stock.
• The closing price of Paramount Global's Class B common stock on The NASDAQ Global Select Market on March 1, 2024, was $10.95 per share.
• The director has elected to defer receipt of the shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to director compensation. The increased holdings could be seen as slightly positive, but it's not a major market-moving event.

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

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.

Key Dates