Form 4: Paramount Global Director Klieger Reports Stock Transactions Following RSU Vesting

Director Robert N. Klieger reports acquisition of Paramount Global Class B common stock following the vesting of restricted share units and reinvestment of dividend equivalents, with deferred receipt.

Summary

• Robert N. Klieger, a director of Paramount Global, reported transactions involving Class B common stock on May 8, 2024.
• These transactions include the acquisition of 9,260 shares upon the vesting of Restricted Share Units (RSUs) granted on May 8, 2023, and an additional 145 shares due to reinvested dividend equivalents.
• The director elected to defer receipt of these shares.
• Following these transactions, Klieger beneficially owns 38,194 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: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment regarding the company's performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in beneficial ownership.
• The vesting of RSUs is part of the company's compensation plan for its directors.

Key Dates