Form 4: Paramount Global Director Linda M. Griego Reports Stock Transactions

Director Linda M. Griego reports acquisition of Paramount Global Class B common stock through vesting of restricted share units and dividend equivalents, with deferred receipt.

Summary

• Linda M. Griego, a director of Paramount Global, reported transactions involving Class B common stock on March 1, 2024.
• She acquired 2,169 shares through the vesting of Restricted Share Units (RSUs) granted on March 1, 2023, which vested on March 1, 2024.
• Additionally, she acquired 78 shares due to dividend equivalents that accrued on RSUs prior to vesting, which were reinvested in Class B common stock on the same date.
• The closing price of Paramount Global's Class B common stock on The NASDAQ Global Select Market was $10.95 per share on March 1, 2024.
• The director elected to defer receipt of both the shares from RSU vesting and the dividend equivalent shares.
• Following these transactions, Griego beneficially owns 55,032 shares of Class B common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency into the actions of company leadership.

Key Dates