Mark Penn - Feb 23, 2023 Form 4 Insider Report for Stagwell Inc (STGW)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Mark Penn
Stock symbol
STGW
Transactions as of
Feb 23, 2023
Transactions value $
$0
Form type
4
Date filed
2/27/2023, 06:49 PM
Previous filing
Jan 5, 2023
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STGW Class A Common Stock Award $0 +178K +11.39% $0.00 1.74M Feb 23, 2023 Direct F1
transaction STGW Class A Common Stock Award $0 +641K +36.83% $0.00 2.38M Feb 23, 2023 Direct F2
holding STGW Class A Common Stock 26.5M Feb 23, 2023 See Footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted shares of Class A Common Stock of the issuer awarded to the Reporting Person on February 23, 2023. The restricted shares will vest on February 23, 2024, subject to the Reporting Person's continued service through such date.
F2 Represents restricted shares of Class A Common Stock of the issuer awarded to the Reporting Person on February 23, 2023. The restricted shares will vest on March 31, 2026, subject to the achievement of Company financial performance targets and the Reporting Person's continued service through such date.
F3 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.