Mark Penn - 23 Feb 2024 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
23 Feb 2024
Net transactions value
-$483,166
Form type
4
Filing time
27 Feb 2024, 19:03:05 UTC
Previous filing
23 Jan 2024
Next filing
28 Feb 2024
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 $483,166 -70,024 -2.8% $6.90 2,470,469 23 Feb 2024 Direct F1
holding STGW Class A Common Stock 130,000 23 Feb 2024 See Footnote F2
* 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 Held by The Stagwell Group LLC ("Stagwell Group"). The Reporting Person is the controlling person of Stagwell Group. 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.