Paramount Skydance CFO Sells Over 95,000 Shares Amid Merger Delays
Dennis Cinelli, Chief Financial Officer of Paramount Global (NASDAQ:PSKY), sold 95,401 shares of Class B common stock on July 15, 2026. The transaction was a non-discretionary 'sell-to-cover' event to satisfy tax obligations from the vesting of restricted stock units and does not reflect an intentional change in Cinelli's investment position. The sale represents approximately one-third of his total beneficial ownership prior to the transaction but excludes derivative securities, which include around 3.4 million vested and unvested awards. At $9.25 per share on July 15, the shares sold were valued at about $882,459. The timing coincides with ongoing legal challenges against Paramount's merger with Warner Bros. Discovery (WBD), as a coalition of U.S. states led by California filed a lawsuit in early July alleging antitrust violations.
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