Form 4: Paramount Global Director Linda Griego Acquires Over 16,000 Shares Through RSU Vesting and Dividend Reinvestment

Paramount Global Director Linda M. Griego increased her beneficial ownership of Class B common stock by 16,467 shares through the vesting of Restricted Share Units and reinvested dividend equivalents, deferring receipt of the shares.

Summary

• Linda M. Griego, a Director of Paramount Global, acquired 16,195 shares of Class B common stock on June 4, 2025, through the vesting of Restricted Share Units (RSUs).
• An additional 272 shares of Class B common stock were acquired on the same date due to dividend equivalents that accrued on RSUs prior to vesting, which were reinvested.
• The total number of shares acquired on June 4, 2025, is 16,467 (16,195 + 272).
• The shares acquired from RSU vesting and dividend reinvestment were for no consideration ($0 price) as they represent compensation.
• Following these transactions, Linda M. Griego's direct beneficial ownership of Class B common stock increased to 82,089 shares.
• The director elected to defer the receipt of these newly acquired shares.
• On June 4, 2025, the closing price of Paramount Global's Class B common stock on The NASDAQ Global Select Market was $11.93 per share.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine compensation event (RSU vesting) which increases the director's stake, aligning interests with shareholders, but does not indicate new strategic developments or financial performance.

Positives

• The vesting of Restricted Share Units and reinvestment of dividend equivalents indicate a standard, pre-planned compensation event for a director.
• The increase in beneficial ownership aligns the director's interests more closely with those of shareholders.

Future Outlook

The document does not provide any forward-looking statements or guidance beyond the details of the reported transactions.

Industry Context

This filing represents a routine insider transaction related to executive compensation, common across publicly traded companies where directors and executives receive equity awards as part of their remuneration packages. It does not reflect broader industry trends but rather a specific compensation event within Paramount Global.

Corporate Governance

Related Party Transactions

• The acquisition of shares by Director Linda M. Griego through RSU vesting and dividend reinvestment constitutes a related party transaction, as it involves a transaction between the company and a member of its board of directors as part of her compensation.

Stakeholder Impact

• Shareholders: The increase in the director's beneficial ownership aligns her financial interests more closely with those of other shareholders, potentially fostering a greater commitment to long-term company performance.

Next Steps

• The director will eventually receive the deferred shares of Class B common stock at a future date, as per her election to defer receipt.

Key Dates

Keywords

Paramount Global, SEC Form 4, Insider Transaction, Restricted Share Units, RSU Vesting, Dividend Reinvestment, Director Compensation, Stock Acquisition, Beneficial Ownership