Summary by Futu AI
Christopher D. McCarthy, serving in the Office of the CEO at Paramount Global, filed an Initial Statement of Beneficial Ownership of Securities with the SEC on May 1, 2024. The filing, mandated by Section 16(a) of the Securities Exchange Act of 1934, disclosed McCarthy's direct ownership of 78,697 shares of Class B common stock. Additionally, the document detailed various derivative securities beneficially owned by McCarthy, including employee stock options and restricted share units (RSUs) with vesting schedules extending up to November 30, 2024. The RSUs are part of the company's long-term incentive plan and are subject to vesting conditions and tax liability withholdings. The filing was completed on May 10, 2024, and was signed by Christa A. D'Alimonte, Attorney-in-Fact for Christopher McCarthy.