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

Shari Redstone, a director of Paramount Global, reported acquiring 40 shares of Class B common stock through dividend equivalents reinvested on March 1, 2025.

Summary

• Shari Redstone, a director at Paramount Global, filed a Form 4 on March 4, 2025, reporting a transaction involving the company's Class B common stock.
• On March 1, 2025, Redstone acquired 40 shares of Class B common stock through the reinvestment of dividend equivalents accrued on previously vested restricted share units.
• The acquisition price was $0.0000 per share, as it represents reinvested dividends.
• Following the transaction, Redstone directly owns 601,890 shares of Class B common stock and indirectly owns 17,050 shares through a GRAT.
• The closing price of Paramount Global's Class B common stock on February 28, 2025, was $11.36 per share.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure of a director's stock acquisition through dividend reinvestment, a common practice among corporate insiders.

Key Dates