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 reinvested dividends.

Summary

• On October 1, 2024, Judith McHale, a director of Paramount Global, reported changes in beneficial ownership.
• These changes involve the acquisition of Phantom Class A and Class B Common Stock Units.
• The acquisitions resulted from reinvested cash dividends on previously deferred compensation.
• Specifically, 7 Phantom Class A Common Stock Units were acquired at $21.9 each, bringing the total to 3,009 units.
• Additionally, 16 Phantom Class B Common Stock Units were acquired at $10.6 each, increasing the total to 3,496 units.
• These units represent the right to receive cash payments equivalent to the value of Paramount Global's Class A and Class B common stock after the director's retirement from the board.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests. There are no indications of negative events or concerns.

Future Outlook

The cash value of the Phantom Common Stock Units is paid out after the Reporting Person's retirement from the Board.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the alignment of director interests with shareholder value.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director compensation and stock ownership.
• It assures stakeholders that directors' interests are aligned with those of the shareholders.

Key Dates