Frank P. Lanuto - 29 Jun 2023 Form 4 Insider Report for Stagwell Inc (STGW)

Role
Chief Financial Officer
Signature
/s/ Frank Lanuto
Issuer symbol
STGW
Transactions as of
29 Jun 2023
Net transactions value
-$830,198
Form type
4
Filing time
30 Jun 2023, 20:00:19 UTC
Previous filing
02 Mar 2023
Next filing
27 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 Options Exercise $654,750 +225,000 +37% $2.91 830,604 29 Jun 2023 Direct F1
transaction STGW Class A Common Stock Disposed to Issuer $654,757 -87,769 -11% $7.46 742,835 29 Jun 2023 Direct F1
transaction STGW Class A Common Stock Tax liability $538,851 -72,232 -9.7% $7.46 670,603 29 Jun 2023 Direct F2
transaction STGW Class A Common Stock Options Exercise $1,125,000 +225,000 +34% $5.00 895,603 29 Jun 2023 Direct F1
transaction STGW Class A Common Stock Disposed to Issuer $1,125,005 -150,805 -17% $7.46 744,798 29 Jun 2023 Direct F1
transaction STGW Class A Common Stock Tax liability $291,335 -39,053 -5.2% $7.46 705,745 29 Jun 2023 Direct 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 Right Options Exercise $0 -225,000 -100% $0.000000* 0 29 Jun 2023 Class A Common Stock 225,000 $2.91 Direct F1, F3
transaction STGW Stock Appreciation Right Options Exercise $0 -225,000 -100% $0.000000* 0 29 Jun 2023 Class A Common Stock 225,000 $5.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise of Stock Appreciation Rights (SARs) and settlement in shares of Class A Common Stock.
F2 Represents shares withheld by the issuer to satisfy tax withholding requirements on the reported exercise and settlement of SARs.
F3 The SARs vested in equal installments on 06/10/2020, 06/10/2021 and 06/10/2022.