Form 4: Paramount Global Director Susan Schuman Reports Stock Transactions

Director Susan Schuman reports acquisition of Paramount Global Class B common stock through vesting of restricted share units and dividend equivalents, with deferral of receipt.

Summary

• Susan Schuman, a director of Paramount Global, reported transactions involving the company's Class B common stock on March 1, 2024.
• Schuman acquired 2,169 shares of Class B common stock upon the vesting of restricted share units (RSUs) granted on March 1, 2023, which vested on March 1, 2024, but elected to defer receipt.
• Additionally, 78 shares were acquired due to dividend equivalents that accrued on the RSUs prior to vesting, which were reinvested in Class B common stock on March 1, 2024, also with deferred receipt.
• The closing price of Paramount Global's Class B common stock on March 1, 2024, was $10.95 per share.
• Following these transactions, Schuman beneficially owns 24,267 shares of Class B common stock directly.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. 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, as required by the SEC. It provides transparency into the actions of company leadership but doesn't necessarily indicate a broader trend within the media industry.

Key Dates