Form 4: Stagwell Inc. General Counsel Peter McElligott Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Peter McElligott, General Counsel of Stagwell Inc., reports acquisition and disposal of Class A Common Stock due to restricted stock units vesting and tax withholding.
Summary
- On March 7, 2025, Peter McElligott, General Counsel of Stagwell Inc., acquired 16,870 shares of Class A Common Stock through restricted stock units.
- These restricted stock units vest on March 7, 2026, contingent upon continued service.
- On March 8, 2025, 8,656 shares were disposed of at $6.23 per share to satisfy tax withholding requirements related to the vesting of restricted stock units.
- Following these transactions, McElligott directly owns 119,341 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Future Outlook
The restricted stock units will vest on March 7, 2026, subject to the Reporting Person's continued service through such date.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Acquisition of 16,870 shares of Class A Common Stock through restricted stock units. |
| 03/07/2026 | Vesting date for the restricted stock units. |
| 03/08/2025 | Disposal of 8,656 shares to satisfy tax withholding requirements. |
| 03/11/2025 | Date of signature for the Form 4 filing. |
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