Form 4: Paramount Global Executive Christa A. Dalimonte Reports Stock Transactions Following RSU Vesting

EVP, General Counsel & Secretary of Paramount Global, Christa A. Dalimonte, reports acquisition and disposal of Class B common stock related to vesting of Restricted Share Units (RSUs).

Summary

• Christa A. Dalimonte, EVP, General Counsel & Secretary of Paramount Global, filed a Form 4 detailing changes in beneficial ownership.
• On March 1, 2024, Dalimonte acquired 25,369 shares of Class B common stock upon vesting of RSUs granted on March 1, 2023.
• Additionally, 13,600 shares were acquired upon vesting of RSUs granted on March 1, 2022.
• 15,705 shares were withheld by Paramount Global to cover tax liabilities related to the RSU vesting.
• Following these transactions, Dalimonte directly owns 112,327 shares of Class B common stock.
• Dalimonte also holds 50,737 Restricted Share Units from the 2023 grant and 27,201 Restricted Share Units from the 2022 grant.
• An additional 141,876 RSUs were granted on March 1, 2024, which will vest in three equal annual installments beginning March 1, 2025.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions related to RSU vesting. It doesn't inherently convey positive or negative sentiment.

Positives

• The vesting of RSUs indicates that the executive is meeting the conditions of the long-term incentive plan.

Future Outlook

141,876 RSUs granted on March 1, 2024, will vest in three equal annual installments beginning on March 1, 2025.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Vesting of RSUs is a common form of executive compensation in the media and entertainment industry.

Comparison to Industry Standards

• Vesting schedules and RSU grants are standard compensation practices across publicly traded companies, including media giants like Disney (DIS), Warner Bros. Discovery (WBD), and Netflix (NFLX).
• The specific amounts and vesting terms vary based on company performance, executive level, and overall compensation strategy.
• Comparing the size of Dalimonte's RSU grants and stock ownership to those of similarly positioned executives at peer companies would provide a more comprehensive assessment of Paramount's compensation practices.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the execution of the company's existing compensation plans.
• Employees may view the RSU vesting as a positive sign of the company's commitment to employee compensation.

Key Dates