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Paramount Global Class B (PARA) has issued an update.
Paramount Global has revised its employment agreement with Executive Vice President and Chief People Officer Nancy Phillips. Her role is now extended until June 2027, with a salary boost to $1 million and a potential 120% bonus based on performance. Additionally, her annual equity compensation target has increased to $1.8 million starting from fiscal year 2025, with an immediate $350,000 in restricted stock units that vest over three years.
Learn more about PARA stock on TipRanks’ Stock Analysis page.