Paramount Skydance CFO exercises RSUs and withholds shares
Paramount Skydance Corp Chief Financial Officer Dennis Cinelli had 187,500 Restricted Stock Units vest on July 15, 2026, converting into an equal number of Class B common shares.
Rhea-AI Filing Summary
Paramount Skydance Corp Chief Financial Officer Dennis Cinelli had 187,500 Restricted Stock Units vest on July 15, 2026, converting into an equal number of Class B common shares. To satisfy related taxes, 95,401 shares were withheld by the issuer at $9.25 per share. After these events, he held 292,633 Class B shares directly, 28,112 Class B shares indirectly via an IRA, and 3,375,000 Restricted Stock Units. The transactions were not made pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
187,500 shares exercised/converted
Exercise
4 txns
Insider
Cinelli Dennis
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 187,500 | $0.00 | $0.00 |
| Exercise | Class B common stock F1, F2 | 187,500 | $0.00 | $0.00 |
| Tax Withholding | Class B common stock F3 | 95,401 | $9.25 | $882K |
| holding | Class B common stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,375,000 contracts (Direct);
Class B common stock — 197,232 shares (Direct);
Class B common stock — 28,112 shares (Indirect, By IRA)
Footnotes (3)
- F1. The shares identified in Table I were issued on July 15, 2026, upon vesting of an installment of Restricted Stock Units ("RSUs") identified in Table II, which were initially granted on January 15, 2026 and generally vest in equal quarterly installments over a five-year period. On July 15, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $9.25 per share.
- F2. Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
- F3. These shares were withheld by the Issuer to satisfy tax liability incident to the vesting of, and delivery of shares underlying, the RSUs, and were not actually sold or otherwise disposed of in an open-market transaction.
Key Figures
RSUs vested into Class B shares: 187,500 shares
Shares withheld for taxes: 95,401 shares
Per-share value on vesting date: $9.25 per share
+3 more
6 metrics
RSUs vested into Class B shares
187,500 shares
Vested and converted on July 15, 2026
Shares withheld for taxes
95,401 shares
Withheld by issuer incident to RSU vesting
Per-share value on vesting date
$9.25 per share
Closing price of Class B common stock on July 15, 2026
Direct Class B shares after transactions
292,633 shares
Direct holdings reported following July 15, 2026 events
Indirect Class B shares via IRA
28,112 shares
Indirect beneficial ownership through IRA
Restricted Stock Units outstanding
3,375,000 RSUs
RSU balance after July 15, 2026 vesting installment
Key Terms
Restricted Stock Units, dividend reinvestment program, Rule 16a-11, The NASDAQ Global Select Market, +1 more
5 terms
Restricted Stock Units financial
"The shares were issued upon vesting of an installment of Restricted Stock Units"
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"
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
"dividend reinvestment program meeting the requirements of Rule 16a-11"
The NASDAQ Global Select Market financial
"the closing price of the Class B common stock on The NASDAQ Global Select Market was $9.25"
tax liability incident to the vesting financial
"These shares were withheld by the Issuer to satisfy tax liability incident to the vesting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did PSKY CFO Dennis Cinelli report?
CFO Dennis Cinelli reported 187,500 RSUs vesting into Class B common shares on July 15, 2026. In connection with this vesting, 95,401 shares were withheld by the issuer to cover tax obligations, and his reported holdings were updated.
What indirect Paramount Skydance (PSKY) holdings does the CFO report?
Dennis Cinelli reports 28,112 Class B common shares held indirectly through an IRA. This position is disclosed separately from his direct ownership and is classified as indirect beneficial ownership due to being held in a retirement account.
How many Restricted Stock Units does the PSKY CFO still hold?
Following the July 15, 2026 vesting, Dennis Cinelli reports holding 3,375,000 Restricted Stock Units. These RSUs generally vest in equal quarterly installments over a five-year period, with each vesting installment delivering Class B common shares.
Were the PSKY insider transactions under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is not marked as affirmative, indicating the reported transactions were not effected under a Rule 10b5-1 trading plan. The activity instead reflects scheduled RSU vesting and related tax withholding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
