Form 4: Paramount Global Executive Caryn K. Groce Reports Acquisition of Restricted Share Units

Caryn K. Groce, EVP, Acting Gen Counsel & Secy of Paramount Global, reports the acquisition of 69,832 Restricted Share Units (RSUs) under the company's long-term incentive plan.

Summary

• On February 3, 2025, Caryn K. Groce, EVP, Acting Gen Counsel & Secy of Paramount Global, acquired 69,832 Restricted Share Units (RSUs).
• These RSUs were granted under the Issuer's long-term incentive plan for no consideration.
• The RSUs will vest in three equal annual installments beginning on March 1, 2026.
• Upon vesting, a corresponding number of shares of Class B common stock, net of shares withheld for tax liabilities, will be delivered on each vest date.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The grant of RSUs aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The document outlines the vesting schedule for the RSUs, indicating future delivery of Class B common stock contingent on continued service.

Industry Context

Granting RSUs is a common practice in executive compensation to align management's interests with shareholder value and incentivize long-term performance.

Comparison to Industry Standards

• RSUs are a standard component of executive compensation packages in publicly traded companies like Paramount Global.
• Vesting schedules, typically over 3 years, are designed to retain key personnel.
• The number of RSUs granted is likely determined based on the executive's role, performance, and industry benchmarks for similar positions at comparable media companies such as Disney, Warner Bros. Discovery, and Netflix.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the executive to drive long-term value.
• Employees may see the grant as a sign of the company's commitment to its leadership team.

Next Steps

• The RSUs will vest in three equal annual installments beginning on March 1, 2026.
• Shares of Class B common stock will be delivered upon vesting, net of tax withholdings.

Key Dates