THORNTON JOHN L 4

What Happened

• John L. Thornton, a director of Paramount Skydance Corp (PSKY), was issued 46,893 shares on July 21, 2026 upon vesting of previously granted Restricted Stock Units (RSUs). At the July 21 close ($8.53), those shares had a market value of roughly $400,000.
• The filing also shows two derivative conversion/exercise entries on the same date: one records acquisition of 25,000 shares and another records disposition of 25,000 shares, both at $0.00 per share. The Form 4 lists these as exercise/conversion (transaction code M) and as a derivative transaction.

Key Details

• Transaction date: July 21, 2026; Form 4 filed July 23, 2026 (filed timely within the standard reporting window).
• Award: 46,893 shares issued upon RSU vesting; closing price cited in footnote: $8.53/share → ~ $399,997 total.
• Derivative activity: 25,000 shares acquired and 25,000 shares disposed (both reported at $0.00) under transaction code M. The filing does not specify the mechanics (e.g., net settlement or withholding).
• Shares owned after transaction: not specified in the provided excerpt.
• Relevant footnotes: F1 confirms RSUs issued on July 21, 2026 and notes the $8.53 closing price; F2 explains each RSU equals one share; F3 describes typical future vesting terms for related RSUs (timing and deferral option).

Context

• The primary action is issuance of shares from vested RSUs (a routine equity compensation event for insiders, not an open-market purchase or sale).
• The paired derivative entries (25k acquired, 25k disposed) may reflect internal settlement mechanics related to the vesting/exercise process; the Form 4 does not give further detail, so no inference about intent should be drawn.