Form 4: Shari Redstone Reports Changes in Beneficial Ownership of Paramount Global Stock

Shari Redstone, a director of Paramount Global, reports transactions related to dividend reinvestments and deferred compensation arrangements.

Summary

• Shari Redstone, a director of Paramount Global, filed a Form 4 detailing changes in her beneficial ownership of Paramount Global stock.
• On October 1, 2024, she acquired 422 shares of Class B common stock at $0.0000 per share through the regular quarterly crediting of vested Restricted Share Units (RSUs).
• These RSUs represent the fair market value of cash dividends attributable to previously vested RSUs, with settlement deferred under the Issuer's deferred compensation arrangement for directors.
• She also acquired 1,831 Phantom Class A Common Stock Units and 3,784 Phantom Class B Common Stock Units through deferred compensation arrangements.
• Redstone's direct holdings of Class B common stock following the reported transactions amount to 600,255 shares.
• She also indirectly owns 17,050 shares of Class B common stock through a GRAT.

Sentiment

Score: 7

Explanation: The document reflects routine transactions related to director compensation and dividend reinvestment, indicating a neutral to slightly positive sentiment as it shows continued investment in the company.

Future Outlook

The cash value of the Phantom Common Stock Units is paid out after the Reporting Person's retirement from the Board.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing reflects Shari Redstone's ongoing investment in Paramount Global through dividend reinvestments and deferred compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation and dividend reinvestment activities.

Key Dates