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Paramount Global Class B ( (PARA) ) just unveiled an announcement.
Paramount Global has approved the immediate vesting and settlement of restricted and performance share units for certain executives to mitigate the impact of potential ‘excess parachute payments’ under Section 280G of the Internal Revenue Code. This strategy aims to prevent financial penalties or implications for both the executives and the company in light of their transaction agreement with Skydance Media and New Pluto Global, Inc., enhancing their operational flexibility and securing executive interests.
More about Paramount Global Class B
YTD Price Performance: -28.10%
Average Trading Volume: 8,882,293
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.45B
For a thorough assessment of PARA stock, go to TipRanks’ Stock Analysis page.
