Director Barbara Byrne gains dividend-equivalent Paramount Skydance (PSKY) shares in Form 4 filing

Rhea-AI Filing Summary

Paramount Skydance Corp director Barbara M. Byrne reported a small share acquisition through a compensation-related mechanism. She became entitled to 173 shares of Class B common stock at no cost on May 8, 2026, due to dividend equivalents on previously vested restricted stock units, with her direct holdings increasing to 44,392 shares. The footnotes note these include shares acquired under a dividend reinvestment program meeting Rule 16a-11, and that the closing market price on that date was $11.09 per share.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Byrne Barbara M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class B common stock	173	$0.00	--

Holdings After Transaction: Class B common stock — 44,392 shares (Direct, null)

Footnotes (1)

1. Represents shares of the Issuer's Class B common stock to which the Reporting Person became entitled with respect to dividend equivalents accrued on previously vested restricted stock units and that were reinvested in Class B common stock on May 8, 2026, but which have not been received because the director elected to defer receipt. On May 8, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $11.09 per share. Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.

Key Figures

Shares acquired: 173 shares Shares owned after: 44,392 shares Reported transaction price: $0.00 per share +1 more

4 metrics

Shares acquired 173 shares Dividend equivalents on previously vested RSUs on May 8, 2026

Shares owned after 44,392 shares Class B common stock directly held following transaction

Reported transaction price $0.00 per share Grant/award acquisition, not open-market purchase

Closing market price $11.09 per share Class B common stock on NASDAQ Global Select Market on May 8, 2026

Key Terms

dividend equivalents, restricted stock units, dividend reinvestment program, Rule 16a-11

4 terms

dividend equivalents financial

"Represents shares ... to which the Reporting Person became entitled with respect to dividend equivalents accrued on previously vested restricted stock units"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

restricted stock units financial

"dividend equivalents accrued on previously vested restricted stock units and that were reinvested in Class B common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend reinvestment program financial

"Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11."

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

Rule 16a-11 regulatory

"pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11."

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

Byrne Barbara M

(Last) (First) (Middle)

1515 BROADWAY

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Paramount Skydance Corp [ PSKY ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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

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

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

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
Class B common stock	05/08/2026		A		173(1)	A	$0.0000(1)	44,392(2)	D

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

Explanation of Responses:

1. Represents shares of the Issuer's Class B common stock to which the Reporting Person became entitled with respect to dividend equivalents accrued on previously vested restricted stock units and that were reinvested in Class B common stock on May 8, 2026, but which have not been received because the director elected to defer receipt. On May 8, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $11.09 per share.

2. Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.

	/s/ Stephanie Kyoko McKinnon, Attorney-in-Fact	05/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Paramount Skydance (PSKY) report for Barbara M. Byrne?

Paramount Skydance reported that director Barbara M. Byrne acquired 173 shares of Class B common stock. These arose from dividend equivalents on previously vested restricted stock units, increasing her direct holdings to 44,392 shares as of the reported transaction date.

How did Barbara M. Byrne receive the new Paramount Skydance (PSKY) shares?

Barbara M. Byrne became entitled to 173 new Class B shares through dividend equivalents on previously vested restricted stock units. The dividend equivalents were reinvested in stock rather than paid in cash, functioning as a non-cash, compensation-related share accrual.

What was Barbara M. Byrne’s Paramount Skydance (PSKY) ownership after the Form 4 transaction?

After the reported transaction, Barbara M. Byrne directly held 44,392 shares of Paramount Skydance Class B common stock. This total includes shares acquired via dividend equivalents and through a dividend reinvestment program that satisfies SEC Rule 16a-11 requirements.

Was Barbara M. Byrne’s Paramount Skydance (PSKY) share acquisition a market purchase?

No, the 173 shares were not a market purchase. They reflect a grant-like acquisition from dividend equivalents on previously vested restricted stock units, with a recorded price of $0.00 per share, rather than an open-market buy order.

What price reference is disclosed for Paramount Skydance (PSKY) Class B stock in this Form 4?

The filing notes that on May 8, 2026, the closing price of Paramount Skydance Class B common stock on The NASDAQ Global Select Market was $11.09 per share. This provides a market-value context for the 173 dividend-equivalent shares.

Does the Form 4 mention a dividend reinvestment program for Paramount Skydance (PSKY) shares?

Yes. A footnote states the reported holdings include shares acquired periodically under a dividend reinvestment program that meets SEC Rule 16a-11. This indicates some of the director’s position grows automatically through reinvested dividends.