Form 4: Stagwell Inc. Executive Reports Stock Transactions
SEC Form 4
Vincenzo DiMaggio, SVP and Chief Accounting Officer of Stagwell Inc., reports acquisition and disposal of Class A Common Stock and restricted stock units.
Summary
- Vincenzo DiMaggio, SVP, Chief Accounting Officer of Stagwell Inc., filed a Form 4 detailing changes in beneficial ownership.
- On November 17, 2024, 1,953 shares of Class A Common Stock were disposed of to cover tax withholding at a price of $7.3.
- On March 7, 2025, 13,922 restricted stock units (RSUs) were acquired at a price of $0, vesting on March 7, 2026.
- On March 8, 2025, 7,200 shares of Class A Common Stock were disposed of to cover tax withholding at a price of $6.23.
- Following these transactions, DiMaggio beneficially owns 180,080 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reflects routine stock transactions related to compensation and tax obligations.
Positives
- The acquisition of 13,922 restricted stock units indicates a continued investment in the company's future by the executive.
Future Outlook
The restricted stock units will vest on March 7, 2026, subject to continued service.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard compensation practices and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/17/2024 | Disposal of 1,953 shares for tax withholding. |
| 03/07/2025 | Acquisition of 13,922 restricted stock units. |
| 03/07/2026 | Vesting date for the acquired restricted stock units. |
| 03/08/2025 | Disposal of 7,200 shares for tax withholding. |
| 03/11/2025 | Date of Form 4 filing. |
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