Summary by Moomoo AI
On December 24, 2024, George Cheeks, a member of Paramount Global's Office of the CEO, executed multiple stock transactions involving Class B common stock. Cheeks acquired a total of 885,019 shares through various means, including the exercise of derivative securities and a grant award. The acquisitions were made at no cost.On the same day, Cheeks disposed of 489,418 shares at a price of $10.42 per share, totaling approximately $5.1 million. This disposition was made as payment for exercise price or tax liability. After these transactions, Cheeks' direct ownership of Paramount Global Class B common stock stands at 488,437 shares.The transactions, which included both acquisitions and dispositions, were all completed on December 24, 2024. These stock movements reflect significant changes in Cheeks' equity position in Paramount Global, potentially tied to compensation arrangements or tax obligations.
