[Form 4] Paramount Global Insider Trading Activity

Rhea-AI Filing Summary

Paramount Global (PARAA/ PARA) – Form 4 filing dated 07/07/2025

Director Susan Schuman received 16,340 Restricted Share Units (RSUs) of Paramount Global Class B common stock on 07/02/2025 under the company’s equity plan for outside directors. The RSUs were granted for no consideration and will vest on the earlier of (i) the company’s 2026 Annual Meeting of Stockholders or (ii) 07/02/2026. Upon vesting, an equivalent number of Class B shares will be delivered unless the director elects to defer receipt. Schuman now beneficially owns 16,340 derivative securities directly.

Insights

Equity Compensation Analyst

TL;DR: Routine director grant of 16,340 RSUs; immaterial impact, aligns with standard board compensation practice.

The filing documents a single equity award rather than a purchase or sale. Because the RSUs are granted at no cost and represent a modest share count relative to Paramount Global’s large float, dilution is negligible. The one-year vesting schedule (earlier of 2026 AGM or 07/02/2026) follows typical director compensation design, providing deferred ownership without immediate cash outlay. No insider selling occurred, so the transaction does not signal a change in sentiment. Overall impact on shareholders or valuation is minimal.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schuman Susan

(Last) (First) (Middle)

1515 BROADWAY

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Paramount Global [ PARAA,PARA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units(1)	(2)	07/02/2025		A		16,340		(2)	(2)	Class B common stock	16,340	$0.0000(1)	16,340	D

Explanation of Responses:

1. Granted under the Issuer's equity plan for outside directors for no consideration.

2. These Restricted Share Units will generally vest on the earlier of (i) the date of the Issuer's 2026 Annual Meeting of Stockholders and (ii) July 2, 2026, and a corresponding number of Class B shares will be delivered on the vesting date, unless the director has elected to defer receipt.

	/s/ Caryn K. Groce, Attorney-in-Fact for Susan Schuman	07/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who is the reporting insider in Paramount Global's (PARAA) latest Form 4?

The filing lists Director Susan Schuman as the reporting person.

How many RSUs were granted to the Paramount Global director?

The director received 16,340 Restricted Share Units of Class B common stock.

When were the RSUs granted?

The award was granted on 07/02/2025.

What is the vesting schedule for the RSUs?

The RSUs vest on the earlier of the 2026 Annual Meeting or 07/02/2026.

Did the director pay anything for the RSUs?

No. The RSUs were granted for no consideration under the company’s outside-director equity plan.