Form 4: Paramount Global Director Mary M. Boies Receives Equity Grant

Paramount Global Director Mary M. Boies was granted 16,340 Restricted Share Units as part of the company's equity plan for outside directors.

Summary

• Mary M. Boies, a Director of Paramount Global, was granted 16,340 Restricted Share Units (RSUs) on July 2, 2025.
• The RSUs were granted for no consideration under the Issuer's equity plan for outside directors.
• These RSUs are expected to vest on the earlier of Paramount Global's 2026 Annual Meeting of Stockholders or July 2, 2026.
• Upon vesting, a corresponding number of Class B common shares will be delivered, unless the director elects to defer receipt.
• Following this transaction, Mary M. Boies beneficially owns 16,340 Restricted Share Units directly.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of an equity grant to a director, which is a standard compensation practice and does not inherently indicate positive or negative company performance or outlook.

Positives

• The grant of equity to a director aligns their interests with those of the shareholders, encouraging long-term value creation.
• The grant is part of a standard, pre-existing equity plan for outside directors, indicating routine compensation practices.

Future Outlook

The 16,340 Restricted Share Units are expected to vest on the earlier of the Issuer's 2026 Annual Meeting of Stockholders or July 2, 2026, with Class B shares delivered upon vesting unless deferred.

Industry Context

This is a routine compensation event for a director in a publicly traded media company. Such equity grants are common practice across industries to incentivize long-term performance and align director interests with shareholders.

Comparison to Industry Standards

• Director compensation packages, including equity grants like RSUs, are standard practice in large media and entertainment companies such as The Walt Disney Company, Netflix, and Warner Bros. Discovery.
• The specific size of the grant would typically be benchmarked against peer companies' director compensation policies, though this document does not provide comparative data for a direct assessment.

Related Party Transactions

• Grant of 16,340 Restricted Share Units to Director Mary M. Boies for no consideration, as part of the company's equity plan for outside directors.

Stakeholder Impact

• Shareholders: Interests are aligned with the director through equity ownership, potentially encouraging long-term value creation.

Next Steps

• Vesting of the 16,340 Restricted Share Units on the earlier of the 2026 Annual Meeting of Stockholders or July 2, 2026.
• Delivery of Class B common shares upon vesting, unless deferred by the director.

Key Dates

Keywords

Paramount Global, PARAA, PARA, SEC Form 4, Restricted Share Units, RSUs, Equity Grant, Director Compensation, Insider Transaction, Mary M. Boies