Form 4: Paramount Global Director Nicole Seligman Reports Stock Transactions

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

Summary

• Nicole Seligman, a director at Paramount Global, reported transactions involving Class B common stock on May 8, 2024.
• These transactions include the acquisition of 9,260 shares from the vesting of Restricted Share Units (RSUs) granted on May 8, 2023, which vested on May 8, 2024.
• Additionally, 145 shares were acquired due to dividend equivalents accrued on RSUs prior to vesting, reinvested in Class B common stock on the same date.
• The director elected to defer receipt of these shares.
• The closing price of Paramount Global's Class B common stock on The NASDAQ Global Select Market on May 8, 2024, was $12.82 per share.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company leadership.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the size of the transactions relative to the company's overall market capitalization.

Key Dates