Form 4: Paramount Global Executive Caryn K Groce Reports Share Transactions Following RSU Vesting

Paramount Global's EVP, Caryn K Groce, reported the acquisition of 797 Class B common shares upon vesting of restricted share units and the withholding of 322 shares for tax obligations.

Summary

• Caryn K Groce, an executive at Paramount Global, reported transactions involving Class B common stock.
• On November 30, 2024, 797 shares were acquired upon the vesting of restricted share units (RSUs).
• These RSUs were initially granted on November 30, 2020, and vested in four equal annual installments.
• Additionally, 322 shares were withheld by Paramount to cover tax liabilities related to the RSU vesting.
• The closing price of Class B common stock on November 29, 2024, was $10.85 per share.
• Following these transactions, Ms. Groce directly owns 8,416 Class B common shares.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative sentiment. It is a routine filing.

Positives

• The vesting of RSUs indicates a long-term incentive plan for executives.
• The executive's continued ownership of shares aligns her interests with those of the company and shareholders.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It reflects the standard practice of granting equity-based compensation to executives.

Comparison to Industry Standards

• The vesting of restricted share units is a common practice in executive compensation across various industries, including media and entertainment.
• Companies like Disney, Warner Bros. Discovery, and Netflix also use similar equity-based compensation plans for their executives.
• The tax withholding of shares is a standard procedure to cover tax liabilities associated with vesting.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• The vesting of RSUs aligns executive interests with those of shareholders.

Key Dates

Keywords

Paramount Global, Caryn K Groce, Class B common stock, Restricted Share Units, RSU, insider trading, SEC Form 4, executive compensation, share vesting