PHILLIPS JR CHARLES E 4
4 · Paramount Global · Filed Oct 3, 2024
Insider Transaction Report
Form 4
Paramount GlobalPARAA,PARA
PHILLIPS JR CHARLES E
Director
Transactions
- Award
Class B common stock
2024-10-01+257→ 101,535 total - Award
Phantom Class A Common Stock Units
2024-10-01$21.90/sh+12$263→ 5,074 total→ Class A common stock (12 underlying) - Award
Phantom Class B Common Stock Units
2024-10-01$10.60/sh+26$276→ 5,909 total→ Class B common stock (26 underlying)
Footnotes (2)
- [F1]Represents the regular quarterly crediting of vested Restricted Share Units ("RSUs") with a fair market value equal to the amount of cash dividends in such quarter attributable to previously vested RSUs, the settlement of which the Reporting Person elected to defer pursuant to the Issuer's deferred compensation arrangement for directors. On October 1, 2024, the closing price of the Issuer's Class B Common Stock on The NASDAQ Global Select Market was $10.60 per share.
- [F2]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.