Cinelli Dennis 4
4 · Paramount Skydance Corp · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Paramount Skydance (PSKY) CFO Dennis Cinelli Receives RSU Vesting
What Happened Dennis Cinelli, Chief Financial Officer of Paramount Skydance (PSKY), received 187,500 shares on April 15, 2026 upon the vesting/conversion of an RSU installment. At the closing price of $11.67, the vested shares had a market value of about $2,188,125. To cover tax liabilities, 88,974 shares were withheld by the issuer (value reported as $1,038,327); those shares were not sold in the open market. The net result was delivery of roughly 98,526 shares to Cinelli (approx. $1.15M market value).
Key Details
- Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (timely).
- Shares issued on vesting: 187,500; closing price used: $11.67.
- Tax withholding: 88,974 shares withheld to satisfy tax liability (reported value $1,038,327); these were not open-market sales.
- Net shares delivered to insider: ~98,526 (187,500 − 88,974), approximate net value ~$1.15M.
- Transaction codes: M = exercise/conversion of a derivative (RSU conversion); F = withholding for tax liability.
- Footnotes: F1 — RSUs were granted Jan 15, 2026 and vest quarterly over five years; F3 — withheld shares used solely for tax withholding; F2 — filing notes inclusion of shares from a dividend reinvestment program where applicable.
- Shares owned after the transaction were not specified in the provided extract.
Context This filing reflects routine RSU vesting and issuer tax withholding, not an open-market sale or purchase. The derivative entries show conversion/issuance of restricted stock units into common shares; the withheld shares to cover taxes are typical for equity compensation and should not be interpreted as an active sell decision.
Insider Transaction Report
- Exercise/Conversion
Class B common stock
[F1][F2]2026-04-15+187,500→ 193,594 total - Tax Payment
Class B common stock
[F3]2026-04-15$11.67/sh−88,974$1,038,327→ 104,620 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-04-15−187,500→ 3,562,500 total→ Class B common stock (187,500 underlying)
- 28,112(indirect: By IRA)
Class B common stock
Footnotes (3)
- [F1]The shares identified in Table I were issued on April 15, 2026, upon vesting of an installment of Restricted Stock Units ("RSUs") identified in Table II, which were initially granted on January 15, 2026 and generally vest in equal quarterly installments over a five-year period. On April 15, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $11.67 per share.
- [F2]Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
- [F3]These shares were withheld by the Issuer to satisfy tax liability incident to the vesting of, and delivery of shares underlying, the RSUs, and were not actually sold or otherwise disposed of in an open-market transaction.