Mark Penn - 28 Feb 2023 Form 4 Insider Report for Stagwell Inc (STGW)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Mark Penn
Issuer symbol
STGW
Transactions as of
28 Feb 2023
Transactions value $
-$437,310
Form type
4
Filing time
02 Mar 2023, 20:01:56 UTC
Previous filing
27 Feb 2023
Next filing
14 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STGW Class A Common Stock Tax liability -$437,309 -63,655 -2.7% $6.87 2,317,924 28 Feb 2023 Direct F1
holding STGW Class A Common Stock 26,502,414 28 Feb 2023 See Footnote F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STGW Stock Appreciation Rights Award $0 +225,000 $0 225,000 01 Mar 2023 Class A Common Stock 225,000 $6.79 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the issuer to satisfy tax withholding requirements on the nonreportable vesting of restricted stock.
F2 The Reporting Person is the controlling person of The Stagwell Group LLC ("Stagwell Group"). Stagwell Group directly holds 130,000 shares of Class A Common Stock of the Issuer. Stagwell Group is the manager of Stagwell Agency Holdings LLC, which directly holds 26,372,414 shares of Class A Common Stock of the Issuer. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F3 Stock Appreciation Rights (SARS) granted March 1, 2023 to the Reporting Person vest and are exercisable in three equal installments (each consisting of 75,000 underlying shares of Class A Common Stock) on each of the first three (3) anniversaries of the grant date, and expire on the fifth anniversary of the grant date.