Ellison David Ferris 4
4 · Paramount Skydance Corp · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Paramount Skydance CEO Ellison Ferris Receives 250K Shares
What Happened
Ellison David Ferris, CEO of Paramount Skydance Corp (PSKY), had 250,000 restricted stock units convert into 250,000 Class B shares on May 7, 2026 (reported on a Form 4 filed May 11, 2026). No cash was paid for the conversion (reported price $0.00). To satisfy tax withholding on the vesting, 127,200 shares were withheld by the issuer (valued at $10.76 per share, totaling $1,368,672), leaving a net increase of 122,800 shares issued to Mr. Ferris.
Key Details
- Transaction date: May 7, 2026; Form 4 filed: May 11, 2026 (timely within standard Form 4 deadlines).
- Conversion: 250,000 shares acquired via exercise/conversion of RSUs (derivative) at $0.00.
- Tax withholding: 127,200 shares withheld at $10.76/share = $1,368,672; these shares were withheld by the issuer and were not sold in the open market.
- Net new shares to insider: 122,800 shares (250,000 issued − 127,200 withheld).
- Footnotes: RSUs were originally granted Aug 7, 2025 and vest in quarterly installments over five years; filing notes periodic dividend reinvestment activity and that some reporting involves Skydance Entertainment Group, LLC (Mr. Ellison is the manager).
Context
This was a scheduled vesting of RSUs (award conversion), not an open-market buy or sale. The tax withholding is a common administrative disposition and does not represent a market sale. For investors, RSU vesting increases the insider’s share count but is a routine compensation event rather than an explicit buy/sell signal.
Insider Transaction Report
- Exercise/Conversion
Class B common stock
[F1][F2]2026-05-07+250,000→ 511,473 total - Tax Payment
Class B common stock
[F3]2026-05-07$10.76/sh−127,200$1,368,672→ 384,273 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-05-07−250,000→ 4,250,000 total→ Class B common stock (250,000 underlying)
- 76,210,742(indirect: See Footnote)
Class B common stock
[F4]
Footnotes (4)
- [F1]The shares identified in Table I were issued on May 7, 2026, upon vesting of an installment of Restricted Stock Units ("RSUs") identified in Table II, which were initially granted on August 7, 2025 and generally vest in equal quarterly installments over a five-year period. On May 7, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.76 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.
- [F4]By Skydance Entertainment Group, LLC, of which Mr. Ellison is the manager.