Form 4: Paramount Global Director Susan Schuman Granted 16,340 Restricted Share Units

Paramount Global Director Susan Schuman was granted 16,340 Restricted Share Units as part of the company's equity plan for outside directors, vesting by July 2, 2026.

Summary

• Susan Schuman, a Director of Paramount Global (PARAA, PARA), received a grant of 16,340 Restricted Share Units (RSUs).
• The RSUs were granted under the Issuer's equity plan for outside directors for no consideration, with a price of $0.0000 per unit.
• These Restricted Share Units will generally 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 stock shares will be delivered, unless the director has elected to defer receipt.
• Following this transaction, Susan Schuman beneficially owns 16,340 Restricted Share Units directly.

Sentiment

Score: 7

Explanation: The grant of Restricted Share Units to a director is a routine and expected compensation event, aligning the director's interests with shareholders. It reflects standard corporate governance practices and does not indicate any negative developments.

Positives

• The grant of Restricted Share Units to Director Susan Schuman aligns her interests with those of shareholders, as the value of the units is tied to the future performance of Paramount Global's Class B common stock.
• The equity grant is part of the company's established equity plan for outside directors, indicating a standard and expected practice for director compensation.

Negatives

• No direct negatives are apparent from this specific Form 4 filing, which reports an equity grant to a director.

Risks

• The value of the granted Restricted Share Units is directly tied to the future market performance of Paramount Global's Class B common stock, meaning their ultimate value to the recipient could fluctuate significantly.

Future Outlook

The Restricted Share Units granted to Director Susan Schuman are expected to vest on the earlier of Paramount Global's 2026 Annual Meeting of Stockholders or July 2, 2026, at which point Class B shares will be delivered unless deferral is elected.

Industry Context

The grant of Restricted Share Units to an outside director is a common practice in the media and entertainment industry, aligning director incentives with long-term shareholder value. This type of equity compensation is a standard component of executive and director remuneration packages across publicly traded companies.

Comparison to Industry Standards

• The grant of Restricted Share Units as part of an equity plan for outside directors is a standard compensation practice across major corporations, including those in the media and entertainment sector like Disney, Netflix, and Warner Bros. Discovery.
• The specific number of units granted would typically be benchmarked against peer companies' director compensation structures, though this document does not provide comparative data for a direct assessment against specific comparable companies or projects.

Stakeholder Impact

• Shareholders: Interests are aligned with the director through equity compensation, potentially fostering long-term value creation.
• Management/Directors: Compensation structure includes equity, incentivizing performance tied to company stock value.

Next Steps

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

Key Dates

Keywords

Paramount Global, PARAA, PARA, Susan Schuman, Director, Restricted Share Units, RSU, Equity Grant, SEC Form 4, Insider Transaction, Compensation