Cinelli Dennis 4

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.