Mark Penn - Mar 8, 2024 Form 4 Insider Report for Stagwell Inc (STGW)

Signature
/s/ Mark Penn
Stock symbol
STGW
Transactions as of
Mar 8, 2024
Transactions value $
$0
Form type
4
Date filed
3/12/2024, 07:40 PM
Previous filing
Feb 29, 2024
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STGW Class A Common Stock Award $0 +200K +8.05% $0.00 2.69M Mar 8, 2024 Direct F1
holding STGW Class A Common Stock 130K Mar 8, 2024 See Footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The security represents restricted stock units awarded to the Reporting Person on March 8, 2024. Each restricted stock unit represents the right to receive one share of Class A common stock of the Issuer upon vesting. The restricted stock units will vest on March 8, 2025, subject to the Reporting Person's continued service through such date.
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.