Stop crying, people. If you own the stock in the 401. You are getting a bonus with warrants.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0002041610/000110465926113076/tm2626659d3_8k.htm
5 replies (most recent on top)
the @OP how are those warrants working out for ya ?
Paramount employees with Paramount stock in their 401k are not getting warrants like regular Class B Shareholders. Instead, they'll be getting additional Paramount shares: "Although the Paramount Global 401(k) Plan offers investment in shares of Class B Common Stock through its Company stock fund, it cannot hold warrants due to legal restrictions under ERISA. Instead, for the shares of Class B Common Stock it holds in the Company stock fund, the Paramount Global 401(k) Plan will receive a number of shares of Class B Common Stock (rounded down to the nearest whole share) as of the Record Date based on a conversion formula approved by State Street Global Advisors Trust Company, the Company stock fund’s independent fiduciary. No fractional shares will
be issued. If you are a Paramount Global 401(k) Plan Holder, you will receive information later explaining the timing and details." This is mentioned in the 9/25 SEC filings on the Paramount Investor Relations page: https://ir.paramount.com/sec-filings/paramount
Means you should be happy and not complain on this form. Redbird is watching.
I think the OP is saying if you have stock in the new company with is being called Skydance and will trade under the symbol SKYD that you will make money. I highly doubt that.
Haha can someone translate what this means to us not in finance?