Paramount Skydance (PSKY) Director Gerald Cardinale Receives 46,893 Shares

What Happened Gerald J. Cardinale, a director of Paramount Skydance Corp (PSKY), received 46,893 shares on July 21, 2026 when restricted stock units (RSUs) vested. The filing also shows an exercise/conversion-type derivative entry involving 25,000 shares acquired and a corresponding 25,000-share disposition on the same date. The reported closing price for PSKY Class B common stock on that date was $8.53 per share, valuing the 46,893 vested shares at roughly $400,000.

Key Details

• Transaction date: July 21, 2026; Form 4 filed July 23, 2026 (timely filing).
• Reported transactions:
  • Exercise/conversion (code M): 25,000 shares acquired @ $0.00 (derivative).
  • Exercise/conversion (code M): 25,000 shares disposed @ $0.00 (derivative).
  • Grant/award (code A): 46,893 shares acquired @ $0.00 (RSU vesting).
• Valuation: closing price $8.53 on 7/21/2026; 46,893 × $8.53 ≈ $399,998.
• Shares owned after the transactions are not specified in the provided filing.
• Footnotes: the 46,893 shares were issued upon vesting of RSUs granted Aug 7, 2025. Other footnotes note securities held by RB Maverick LLC and RB Tentpole Holdings LP (indirect holdings tied to the reporting person) and correct a prior Form 4 that overstated RB Maverick LLC’s beneficial ownership.

Context

• The primary event was RSU vesting (each RSU represents a contingent right to one share). The filing lists both an acquisition and a same-day disposition of 25,000 shares in derivative transactions; the form does not specify the reason for the disposition.
• For retail investors, RSU vestings are routine compensation events for insiders and do not by themselves indicate a buy/sell sentiment. The important datapoints are the number of shares issued and the valuation shown, which here is roughly $400K for the vested RSUs.