Form 4: Paramount Global Director Judith McHale Reports Stock Transactions
SEC Form 4 Filing
Director Judith McHale reported the vesting of restricted share units and subsequent acquisition of Class B common stock of Paramount Global.
Summary
- On May 8, 2024, Director Judith McHale vested 9,260 Restricted Share Units (RSUs) which converted into Class B common stock.
- Additionally, 145 shares were issued in respect of dividend equivalents that accrued on the RSUs prior to vesting and were reinvested in Class B common stock upon vesting.
- Following these transactions, McHale directly owns 42,258 shares of Class B common stock.
- The closing price of Paramount Global's Class B common stock on May 8, 2024, was $12.82 per share.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by a company director, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies like Paramount Global. It provides transparency into the trading activities of key personnel.
Key Dates
| Date | Description |
|---|---|
| 05/08/2023 | Date the Restricted Share Units were granted. |
| 05/08/2024 | Date of RSU vesting and stock acquisition. |
| 05/10/2024 | Date of Form 4 filing. |
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