Form 4: Stagwell Inc. General Counsel Peter McElligott Reports Tax-Related Share Disposal
SEC Form 4 Filing
Peter McElligott, General Counsel of Stagwell Inc., disposed of 8,656 shares of Class A Common Stock on April 14, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On April 14, 2024, Peter McElligott, the General Counsel of Stagwell Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the disposal of 8,656 shares.
- These shares were withheld by the issuer to satisfy tax withholding requirements on the vesting of restricted stock.
- The price per share was $5.59.
- Following the transaction, McElligott directly owns 111,127 shares of Stagwell Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/14/2024 | Date of transaction: disposal of shares for tax withholding. |
| 04/16/2024 | Date of signature on the Form 4 filing. |
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