Form 4: Paramount Global Director Susan Schuman Reports Acquisition of Restricted Share Units

Director Susan Schuman reported the acquisition of 16,195 Restricted Share Units of Paramount Global's Class B common stock on June 4, 2024.

Summary

• On June 4, 2024, Susan Schuman, a director of Paramount Global, acquired 16,195 Restricted Share Units (RSUs) representing Class B common stock.
• The RSUs were granted under the Issuer's equity plan for outside directors without any consideration.
• These RSUs will vest on the earlier of the date of the Issuer's 2025 Annual Meeting of Stockholders or June 4, 2025.
• Upon vesting, a corresponding number of Class B shares will be delivered, unless the director has elected to defer receipt.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (granting of RSUs to a director), which is generally viewed neutrally. It indicates continued alignment of the director's interests with the company's performance.

Positives

• The grant of RSUs to outside directors aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment to the company.

Future Outlook

The director's holdings will increase upon vesting of the RSUs, aligning her interests with the long-term performance of the company.

Industry Context

This type of equity grant is a common practice for compensating and incentivizing board members in publicly traded companies.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) to directors is a common practice among publicly traded companies to align their interests with shareholders.
• Companies like Disney (DIS) and Netflix (NFLX) also utilize equity-based compensation for their board members.
• The specific number of RSUs granted and the vesting schedule can vary based on company size, industry, and individual director contributions.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.
• Employees may view this as a positive sign, indicating the company's commitment to its leadership.

Key Dates