Form 4: Paramount Global Executive Receives Restricted Share Units

DeDe Lea, EVP at Paramount Global, was granted 116,387 Restricted Share Units (RSUs) under the company's long-term incentive plan.

Summary

• DeDe Lea, an Executive Vice President at Paramount Global, received 116,387 Restricted Share Units (RSUs) on February 3, 2025.
• The RSUs were granted under Paramount Global's long-term incentive plan at no cost to Lea.
• These RSUs will vest in three equal annual installments starting on March 1, 2026.
• Upon vesting, Lea will receive Class B common stock, net of shares withheld for tax liabilities.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard executive compensation practice. The grant itself doesn't indicate positive or negative performance.

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 over the next three years as the RSUs vest, contingent on continued service.

Industry Context

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

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the executive to drive long-term value.
• The executive benefits from the potential appreciation of the Class B common stock.

Next Steps

• The executive will receive Class B common stock over the next three years as the RSUs vest.
• The company will withhold shares to cover tax liabilities associated with the vesting of the RSUs.

Key Dates