Form 4: Stagwell Inc. CEO Mark Penn Reports Changes in Beneficial Ownership

Mark Penn, CEO of Stagwell Inc., reports acquisition of restricted stock units and shares withheld for tax obligations.

Summary

• On March 7, 2025, Mark Penn, CEO of Stagwell Inc., acquired 191,733 shares of Class A Common Stock in the form of restricted stock units.
• These restricted stock units vest on March 7, 2026, contingent upon continued service.
• On March 8, 2025, 54,817 shares of Class A Common Stock were withheld by the issuer to cover tax obligations related to the vesting of restricted stock units at a price of $6.23 per share.
• Following these transactions, Penn directly owns 2,665,754 shares of Class A Common Stock.
• Penn also indirectly owns 130,000 shares through The Stagwell Group LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted stock units aligns the CEO's interests with the long-term performance of the company.

Management Comments

• 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.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates