Form 4: Stagwell Inc. General Counsel Peter McElligott Reports Tax-Related Share Disposal
SEC Form 4 Filing
Peter McElligott, General Counsel of Stagwell Inc., reports the disposal of 4,105 shares to cover tax obligations related to vesting restricted stock on March 31, 2024.
Summary
- On March 31, 2024, Peter McElligott, the General Counsel of Stagwell Inc., disposed of 4,105 shares of Class A Common Stock.
- The disposal was executed to satisfy tax withholding requirements associated with the vesting of restricted stock.
- The price per share was $6.22.
- Following the transaction, McElligott directly owns 119,783 shares of Stagwell Inc.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and are closely watched by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: disposal of shares to cover tax obligations. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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