Form 4: Paramount Global Executive Katherine Gill-Charest Reports Share Transactions

Katherine Gill-Charest, EVP, Controller & CAO of Paramount Global, reported the vesting of restricted share units and related tax withholdings on November 30, 2024.

Summary

• Katherine Gill-Charest, an executive at Paramount Global, reported transactions involving Class B common stock on November 30, 2024.
• 2,391 shares were acquired upon the vesting of restricted share units (RSUs) that were initially granted on November 30, 2020.
• These RSUs vested in four equal annual installments, with the final installment vesting on November 30, 2024.
• 862 shares were withheld by Paramount Global to cover tax liabilities associated with the vesting of the RSUs.
• The closing price of Paramount Global's Class B common stock on November 29, 2024, was $10.85 per share.
• Following these transactions, Ms. Gill-Charest directly owns 40,763 shares of Class B common stock and indirectly owns 413 shares through a 401(k).

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing standard executive compensation transactions. It does not contain any information that would be considered positive or negative from an investment perspective.

Industry Context

This filing is a routine disclosure of executive stock transactions, which is common in publicly traded companies. It provides transparency into the compensation and ownership structure of the company's leadership.

Comparison to Industry Standards

• The vesting of restricted stock units is a standard form of executive compensation in publicly traded companies like Paramount Global.
• Tax withholding on vesting is also a common practice to cover the tax liabilities of the executive.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the standard compensation practices of the company.
• The tax withholding ensures compliance with tax regulations.

Key Dates

Keywords

Paramount Global, Katherine Gill-Charest, Class B common stock, Restricted Share Units, RSUs, insider trading, executive compensation, SEC Form 4, vesting