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

Shari Redstone, a director of Paramount Global, reports transactions involving Class B common stock and Phantom Stock Units.

Summary

• Shari Redstone, a director of Paramount Global, filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
• On April 1, 2024, she acquired 750 shares of Class B common stock at $0.0000 due to the crediting of vested Restricted Share Units.
• She also acquired 1,884 Phantom Class A Common Stock Units at a price of $21.22 and 3,403 Phantom Class B Common Stock Units at a price of $11.75.
• Following these transactions, Redstone directly owns 543,791 shares of Class B common stock and indirectly owns 63,050 shares through a GRAT.
• She also holds 48,164 Phantom Class A Common Stock Units and 54,193 Phantom Class B Common Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency into the trading activities of key individuals within Paramount Global.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key director.

Key Dates