Form 4: Stagwell Inc. President Jay Leveton Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jay Leveton, President of Stagwell Inc., reports the forfeiture and tax withholding of Class A Common Stock.
Summary
- On March 31, 2025, Jay Leveton, President of Stagwell Inc., reported changes in beneficial ownership of Stagwell Inc. Class A Common Stock.
- Leveton forfeited 26,075 shares of restricted stock to the issuer due to partial vesting of a restricted stock award.
- Additionally, 59,400 shares were withheld by the issuer to satisfy tax withholding requirements on the vesting of restricted stock at a price of $5.93 per share.
- Following these transactions, Leveton directly owns 474,961 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard stock transactions, with no inherent positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates stock activity related to vesting and tax obligations, which is a common occurrence.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: forfeiture of restricted stock and tax withholding. |
| 04/02/2025 | Date of signature for the Form 4 filing. |
Keywords
Stagwell Inc, Jay Leveton, beneficial ownership, Form 4, restricted stock, tax withholding, STGW, Class A Common Stock
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