Form 4: Stagwell Inc. President Jay Leveton Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jay Leveton, President of Stagwell Inc., disposed of 32,295 shares of Class A Common Stock on February 23, 2024, to cover tax withholding requirements.
Summary
- On February 23, 2024, Jay Leveton, President of Stagwell Inc., reported a transaction involving Class A Common Stock.
- Leveton disposed of 32,295 shares to satisfy tax withholding requirements related to the vesting of restricted stock.
- The transaction was executed at a price of $6.9 per share.
- Following the transaction, Leveton directly owns 459,530 shares of Stagwell Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of stock disposal transaction |
| 02/27/2024 | Date of signature on the Form 4 filing |
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