Form 4: Paramount Global Director Susan Schuman Reports Vesting of Restricted Share Units and Dividend Reinvestments

Paramount Global Director Susan Schuman reported the vesting of 16,195 Restricted Share Units and the acquisition of an additional 272 shares from dividend reinvestments, totaling 50,735 Class B common stock beneficially owned, with receipt deferred.

Summary

• Susan Schuman, a Director of Paramount Global, reported changes in her beneficial ownership of the company's Class B common stock.
• On June 4, 2025, 16,195 Restricted Share Units (RSUs) granted on June 4, 2024, vested. These RSUs were granted under the Issuer's equity plan for outside directors for no consideration.
• Concurrently, 272 shares of Class B common stock were acquired due to dividend equivalents that accrued on RSUs prior to vesting and were reinvested.
• The reporting person elected to defer the receipt of all these shares.
• Following these transactions, Susan Schuman beneficially owns 50,735 shares of Paramount Global Class B common stock.
• The closing price of Paramount Global Class B common stock on The NASDAQ Global Select Market on June 4, 2025, was $11.93 per share.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it indicates a director's continued equity ownership and long-term commitment through deferred receipt, which aligns insider interests with shareholders. No negative financial or operational news is present.

Positives

• Director Susan Schuman increased her beneficial ownership in Paramount Global by 16,195 shares through RSU vesting and an additional 272 shares through dividend reinvestment, indicating continued alignment with shareholder interests.
• The deferral of share receipt by the director suggests a long-term commitment to the company's performance.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook, as it is solely a report of insider ownership changes.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transactions and does not provide broader industry context. It reflects a director's compensation structure involving equity awards common in the media and entertainment industry.

Comparison to Industry Standards

• This document does not provide sufficient information for a detailed comparison to industry standards regarding financial performance or operational metrics.
• It only details a director's equity compensation and ownership changes, which are standard practices across publicly traded companies, including those in the media sector like Disney, Warner Bros. Discovery, or Netflix, which also utilize RSU grants for executive and director compensation.

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership, even if deferred, generally aligns management interests with shareholder value, potentially signaling confidence in the company's long-term prospects.

Key Dates

Recommendation

Keywords

Paramount Global, PARAA, PARA, Form 4, SEC filing, insider transaction, beneficial ownership, Restricted Share Units, RSU vesting, dividend reinvestment, Susan Schuman, director compensation, equity plan