Form 4: Shari Redstone Reports Acquisition of Paramount Global Class B Common Stock

Shari Redstone, a director of Paramount Global, reported the acquisition of 162 shares of Class B common stock due to reinvested dividend equivalents.

Summary

• Shari Redstone, a director of Paramount Global, filed a Form 4 on May 12, 2025, reporting a transaction that occurred on May 8, 2025.
• The transaction involved the acquisition of 162 shares of Paramount Global's Class B common stock at a price of $0.0000 per share.
• These shares were acquired through the reinvestment of dividend equivalents accrued on previously vested restricted share units.
• Redstone also indirectly owns 17,050 shares of Class B common stock through a GRAT.
• Following the reported transaction, Redstone directly owns 602,817 shares of Class B common stock.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (dividend reinvestment) by a company director, suggesting a neutral sentiment.

Positives

• The acquisition of shares through dividend reinvestment indicates a continued investment in the company by a director.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the director's continued investment in the company.

Key Dates

Keywords

Form 4, Paramount Global, Shari Redstone, Class B Common Stock, Dividend Reinvestment, Beneficial Ownership, Director