Form 4: Paramount Global Executive Katherine Gill-Charest Reports Acquisition of Restricted Share Units

Katherine Gill-Charest, EVP, Controller & CAO of Paramount Global, reported the acquisition of 97,765 Restricted Share Units (RSUs) under the company's long-term incentive plan.

Summary

• On February 3, 2025, Katherine Gill-Charest, EVP, Controller & CAO of Paramount Global, reported acquiring 97,765 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 starting on March 1, 2026.
• Upon vesting, a corresponding number of Class B common stock shares, net of tax withholdings, 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. It's a neutral to slightly positive event.

Positives

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

Future Outlook

The executive will receive Class B common stock shares upon the vesting of the RSUs over the next three years, contingent on continued service.

Industry Context

The granting of RSUs is a common practice in executive compensation packages to incentivize performance and align management's interests with shareholders.

Comparison to Industry Standards

• RSUs are a standard component of executive compensation packages in the media and entertainment industry, similar to practices at companies like Disney (DIS), Warner Bros. Discovery (WBD), and Netflix (NFLX).
• The vesting schedule of three years is also typical, aligning with industry norms for long-term incentive plans.

Stakeholder Impact

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

Next Steps

• The executive will continue to hold the RSUs until the vesting dates.
• Paramount Global will issue Class B common stock shares upon vesting, net of tax withholdings.

Key Dates

Keywords

Paramount Global, Katherine Gill-Charest, Restricted Share Units, RSUs, Form 4, Insider Trading, Executive Compensation, Long-Term Incentive Plan, Class B Common Stock, Vesting