Paramount Skydance (PSKY) Director Sherry Lansing Receives Award

What Happened

• Sherry Lansing, a director of Paramount Skydance Corp (PSKY), had 46,893 restricted stock units (RSUs) vest on July 21, 2026 and received 46,893 shares of Class B common stock (grant/award, code A). At the July 21 closing price of $8.53, those shares were worth roughly $400,000.
• The Form 4 also reports exercise/conversion of 25,000 derivative units (code M) resulting in acquisition of 25,000 shares and a simultaneous disposition of 25,000 shares, each at $0.00 per share (reported as derivative transactions).

Key Details

• Transaction date: July 21, 2026. Form filed July 23, 2026 (appears timely).
• Vesting/award: 46,893 shares issued upon vesting of RSUs granted August 7, 2025; closing price that day was $8.53/share (value ≈ $399,997).
• Derivative items: 25,000 shares shown as exercised/converted (acquired) and 25,000 shown as disposed (both at $0.00) — reported with transaction code M.
• Shares owned after transaction: not specified on this Form 4 (check issuer filings or subsequent reports for holdings).
• Footnotes: F1–F3 state these Table I shares were issued upon RSU vesting on July 21, 2026; each RSU equals one share; remaining RSUs generally vest by the earlier of the 2027 annual meeting or July 21, 2027 unless deferred.

Context

• This filing primarily reflects an award/vesting event (RSU settlement), not an open‑market purchase or sale by the director. Vesting/awards are routine compensation actions and do not necessarily signal a buying or selling decision.
• The M-coded derivative entries indicate conversion/exercise activity and an immediate disposition of the same number of derivative shares; both are reported at $0.00 on the Form 4 and should be interpreted as conversions/settlements (see footnotes) rather than a cash purchase.