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Paramount Global-B | 4: Statement of changes in beneficial ownership of securities-Director REDSTONE SHARI

SEC announcement ·  Apr 3 16:46
Summary by Moomoo AI
Shari Redstone, a key figure associated with Paramount Global, was granted 750 shares of Class B common stock on April 1, 2024. The transaction, which was completed at no cost to the recipient, has increased Redstone's direct holdings in the company to a total of 543,791 shares. In addition to her direct holdings, Redstone also has an indirect ownership of 63,050 shares through a mechanism known as 'By GRAT 4'. The grant of shares to Redstone is part of Paramount Global's stock-based compensation strategy, which is a common practice among corporations to incentivize and retain key personnel.
Shari Redstone, a key figure associated with Paramount Global, was granted 750 shares of Class B common stock on April 1, 2024. The transaction, which was completed at no cost to the recipient, has increased Redstone's direct holdings in the company to a total of 543,791 shares. In addition to her direct holdings, Redstone also has an indirect ownership of 63,050 shares through a mechanism known as 'By GRAT 4'. The grant of shares to Redstone is part of Paramount Global's stock-based compensation strategy, which is a common practice among corporations to incentivize and retain key personnel.
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