PSKY CEO Ellison Ferris Receives RSU Award; Shares Withheld

What Happened
Ellison David Ferris, CEO of Paramount Skydance Corp (PSKY), had 250,000 restricted stock units (RSUs) vest on August 7, 2026 and those RSUs were converted into common shares. Of the vested shares, 127,200 were withheld by the issuer to satisfy tax withholding obligations, valued at about $1,168,968 based on the $9.19 closing price that day. The filing also reports a related derivative conversion/disposition entry tied to the vesting (see footnote).

Key Details

• Transaction date: August 7, 2026; Form 4 filed August 11, 2026.
• Vesting: 250,000 RSUs converted to shares (transaction code M).
• Tax withholding: 127,200 shares withheld (transaction code F) at $9.19/share, totaling $1,168,968; these were not sold on the open market.
• Net shares added to Ferris’s holdings from this vesting: 122,800 shares (250,000 vested minus 127,200 withheld).
• Footnotes:
  • F1: RSUs were granted Aug 7, 2025 and vest in equal quarterly installments over five years; shares issued upon the Aug 7, 2026 vesting.
  • F3: Withheld shares satisfied tax liability and were not open-market sales.
  • F4: A related entry was made by Skydance Entertainment Group, LLC (of which Mr. Ferris is the manager).
  • F2: Filing notes inclusion of shares from a dividend reinvestment program where applicable.
• Filing timeliness: Reported four days after the Aug 7 transaction (filed Aug 11); the filing does not indicate a late-report flag in the provided data.

Context
This was an RSU vesting event, not a market purchase or voluntary sale. The withholding of shares to cover taxes is a common, cashless administrative step and does not represent an open-market sale. The derivative entries reflect conversion/issuance mechanics of the RSUs rather than a separate economic purchase or sale.