Form 4: Paramount Global Director Judith McHale Reports Changes in Beneficial Ownership

Director Judith McHale reports acquisition of Phantom Class A and B Common Stock Units due to dividend reinvestment in Paramount Global's deferred compensation plan.

Summary

• On January 1, 2025, Judith McHale, a director of Paramount Global, acquired additional Phantom Class A and Class B Common Stock Units.
• These units were acquired as a result of cash dividends being reinvested into the Issuer's deferred compensation arrangement for directors.
• McHale acquired 8 Phantom Class A Common Stock Units at $22.30 each, bringing the total to 3,017 units.
• Additionally, 17 Phantom Class B Common Stock Units were acquired at $10.46 each, increasing the total to 3,513 units.
• The cash value of these Phantom Common Stock Units will be paid out after McHale's retirement from the Board.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to director compensation and doesn't indicate any significant positive or negative developments.

Positives

• The director's participation in the deferred compensation plan indicates confidence in the company's long-term prospects.

Future Outlook

The cash value of the Phantom Common Stock Units will be paid out after McHale's retirement from the Board.

Industry Context

Directors often participate in deferred compensation plans as a way to align their interests with the long-term performance of the company. This is a common practice in publicly traded companies.

Related Party Transactions

• The deferred compensation arrangement for directors is a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to director compensation and alignment with company performance.

Key Dates