Byrne Barbara M 4

What Happened
Barbara M. Byrne, a director of Paramount Skydance Corp (PSKY), was credited with 173 shares of the issuer’s Class B common stock on May 8, 2026. The Form 4 lists the transaction as an award/acquisition (code A) at $0.00 per share; these shares represent dividend equivalents from previously vested restricted stock units that were reinvested. Using the May 8 closing price of $11.09, the economic value is approximately $1,918.57. The director elected to defer receipt, so the shares have not been delivered.

Key Details

• Transaction date: May 8, 2026; Form 4 filed May 11, 2026.
• Transaction type/code: A (Grant, award or other acquisition) — 173 shares @ $0.00.
• Value: ~ $1,918.57 based on May 8 close of $11.09 (per footnote).
• Footnotes: F1 — shares are dividend equivalents on vested RSUs reinvested but deferred; F2 — reinvestment occurred under a dividend reinvestment program that meets Rule 16a-11.
• Shares owned after transaction: Not specified in the provided filing.
• No sale or option exercise reported — routine dividend reinvestment/deferral rather than a market trade.

Context
This is an administrative issuance tied to dividend equivalents on vested RSUs and a dividend reinvestment program. Such entries are commonly routine and reflect compensation/deferral mechanics rather than an active purchase or sale signaling a change in insider sentiment.