Byrne Barbara M 4

What Happened

• Barbara M. Byrne, a director of Paramount Skydance Corp (PSKY), was credited with 118 shares of Class B common stock on Feb 15, 2026. The Form 4 reports the acquisition as an award/grant (code A) at $0.00 (no cash paid), reported value $0. Footnote indicates these shares represent dividend equivalents on previously vested restricted stock units that were reinvested and that Byrne elected to defer receipt.
• The filing notes the last business-day closing price on Feb 13, 2026 was $10.32 — implying an economic value of about $1,217.76 for the 118 shares, although the filing records $0 because of the deferral election.

Key Details

• Transaction date: 2026-02-15 (reported on Form 4 filed 2026-02-18)
• Reported price: $0.00 per share (acquisition via dividend-equivalent reinvestment)
• Shares acquired: 118 Class B common shares (total reported acquisition value = $0)
• Shares owned after transaction: Not disclosed in this filing
• Footnotes: F1 — shares arose from dividend equivalents on vested RSUs and were reinvested but not received due to director’s deferral election; F2 — reinvestment occurred under a dividend reinvestment program meeting Rule 16a-11
• Filing timeliness: Form 4 filed Feb 18, 2026; the document does not indicate a late-filing notation

Context

• This was not an open-market purchase or option exercise but a routine reinvestment of dividend equivalents into Class B shares; such transactions typically reflect plan mechanics rather than active trading intent. The director elected to defer receipt, which is an administrative choice and should not be interpreted as a directional buy/sell signal.