TERRELL FREDERICK 4
4 · Paramount Global · Filed Jul 5, 2023
Insider Transaction Report
Form 4
Paramount GlobalPARAA,PARA
TERRELL FREDERICK
Director
Transactions
- Award
Phantom Class A Common Stock Units
2023-07-01$18.56/sh+79$1,466→ 5,712 total→ Class A common stock (79 underlying) - Award
Phantom Class B Common Stock Units
2023-07-01$15.91/sh+92$1,464→ 6,292 total→ Class B common stock (92 underlying)
Footnotes (1)
- [F1]Represents cash dividends credited during the previous quarter on Phantom Class A Common Stock Units and Phantom Class B Common Stock Units resulting from cash fees previously deferred by the Reporting Person pursuant to the Issuer's deferred compensation arrangement for directors. The dividends are deemed invested at the beginning of each calendar quarter into Phantom Class A Common Stock Units and Phantom Class B Common Stock Units based on the closing price of the Issuer's Class A Common Stock and Class B Common Stock, as applicable, on the day of the deemed investment, or, if that day is not a business day, on the last preceding business day. The cash value of the Phantom Common Stock Units is paid out after the Reporting Person's retirement from the Board.