Form 4: Stagwell Inc. CEO Mark Penn Reports Significant Share Transactions

Mark Penn, CEO of Stagwell Inc., reports the exchange of Paired Equity Interests for Class A Common Stock and other transactions affecting his beneficial ownership.

Summary

• On March 31, 2025, Mark Penn forfeited 106,746 shares of restricted stock to Stagwell Inc.
• Also on March 31, 2025, 191,354 shares were withheld by the issuer to cover tax obligations related to restricted stock vesting at a price of $5.93 per share.
• On April 2, 2025, Stagwell Media exchanged 151,648,741 Paired Equity Interests for an equal number of Class A Common Stock shares.
• Following these transactions, Mark Penn's directly held Class A Common Stock amounts to 2,367,654 shares.
• Stagwell Media now holds 151,648,741 shares of Class A Common Stock directly and zero shares of Class C Common Stock.
• The Stagwell Group holds 130,000 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing transactions, with no inherent positive or negative sentiment. It's a factual report of ownership changes.

Negatives

• Mark Penn forfeited 106,746 shares of restricted stock to the Issuer.

Industry Context

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

Stakeholder Impact

• The exchange of Paired Equity Interests for Class A Common Stock could impact shareholders by changing the capital structure.

Key Dates

Keywords

Stagwell Inc, Mark Penn, Class A Common Stock, Paired Equity Interests, Stagwell Media, Stagwell Group, Beneficial Ownership, Form 4, SEC