Byrne Barbara M 4
Research Summary
AI-generated summary
Paramount Skydance Director Barbara Byrne Receives 309 Shares
What Happened
Barbara M. Byrne, a director of Paramount Skydance Corp (PSKY), was credited with 309 shares of the issuer’s Class B common stock on June 4, 2026 as an award (transaction code A) at $0.00 per share. Using the June 4, 2026 closing price of $10.68, the grant’s implied market value is about $3,300. This issuance represents dividend equivalents on previously vested restricted stock units that were reinvested; Byrne elected to defer receipt, so the shares have not been delivered.
Key Details
- Transaction date: June 4, 2026. Form 4 filed: June 8, 2026 (filed within the required two business days).
- Transaction: Award/grant (A) of 309 Class B shares at $0.00 per share.
- Implied value: 309 × $10.68 = $3,300.12 (based on NASDAQ closing price on 6/4/2026).
- Shares owned after transaction: Not specified in the filing.
- Footnote: Shares reflect reinvested dividend equivalents on vested RSUs; director elected to defer receipt, so although credited, shares have not been received.
- Filing timeliness: Timely (not indicated as late).
Context: This was an administrative credit of shares tied to dividend equivalents on RSUs, not a market purchase or sale. Such awards are routine and do not by themselves signal a buy or sell decision by the insider.