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Stagwell Inc. (STGW) Reports Equity Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

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Stagwell Inc. (STGW) has announced the grant of equity inducement awards to six new employees, effective August 8, 2024. The company issued a total of 92,719 restricted stock units, each representing the right to receive one share of Stagwell's Class A common stock. These units will vest in two installments: one-third on the second anniversary and two-thirds on the third anniversary of the grant date. The awards are subject to accelerated vesting in cases of termination without Cause or due to death or disability. Stagwell granted these awards as a material inducement to employment in compliance with Nasdaq Listing Rule 5635(c)(4).

Stagwell Inc. (STGW) ha annunciato l'assegnazione di premi in azioni a sei nuovi dipendenti, a partire dall'8 agosto 2024. L'azienda ha emesso un totale di 92.719 unità di azioni riservate, ognuna delle quali rappresenta il diritto di ricevere un'azione comune di classe A di Stagwell. Queste unità acquisiranno diritti in due rate: un terzo al secondo anniversario e due terzi al terzo anniversario della data di concessione. I premi sono soggetti a acquisizione accelerata in caso di cessazione senza giusta causa o a causa di morte o disabilità. Stagwell ha concesso questi premi come incoraggiamento materiale all'occupazione in conformità con la Regola di quotazione Nasdaq 5635(c)(4).

Stagwell Inc. (STGW) ha anunciado la concesión de premios en acciones a seis nuevos empleados, a partir del 8 de agosto de 2024. La empresa emitió un total de 92,719 unidades de acciones restringidas, cada una representando el derecho a recibir una acción ordinaria de Clase A de Stagwell. Estas unidades se consolidarán en dos partes: un tercio en el segundo aniversario y dos tercios en el tercer aniversario de la fecha de concesión. Los premios están sujetos a consolidación acelerada en caso de despido sin causa justificada o debido a fallecimiento o discapacidad. Stagwell otorgó estos premios como un incentivo material para la empleabilidad en cumplimiento con la Regla de Cotización Nasdaq 5635(c)(4).

Stagwell Inc. (STGW)는 2024년 8월 8일부터 6명의 신입 사원에게 주식 유인 수당을 부여한다고 발표했습니다. 이 회사는 92,719개의 제한 주식 단위를 총 발행했으며, 각각은 Stagwell의 클래스 A 보통주 1주를 받을 권리를 나타냅니다. 이 단위는 두 번의 분할로 소유권이 부여됩니다: 2주년에는 1/3, 3주년에는 2/3가 지급됩니다. 이 상은 정당한 사유 없이 해고되거나 사망 또는 장애가 발생할 경우 소유권이 가속화됩니다. Stagwell은 Nasdaq 상장 규정 5635(c)(4)을 준수하여 취업에 대한 물질적 유인으로 이러한 상을 부여했습니다.

Stagwell Inc. (STGW) a annoncé l'octroi de récompenses en actions à six nouveaux employés, à partir du 8 août 2024. L'entreprise a émis un total de 92,719 unités d'actions restreintes, chacune représentant le droit de recevoir une action ordinaire de classe A de Stagwell. Ces unités seront acquises en deux versements: un tiers à la deuxième anniversaire et deux tiers au troisième anniversaire de la date d'octroi. Les récompenses sont soumises à une acquisition accélérée en cas de résiliation sans juste cause ou en cas de décès ou d'incapacité. Stagwell a accordé ces récompenses comme un incitatif matériel à l'emploi conformément à la règle de cotation Nasdaq 5635(c)(4).

Stagwell Inc. (STGW) hat die Gewährung von Aktienanreizpreisen an sechs neue Mitarbeiter ab dem 8. August 2024 angekündigt. Das Unternehmen hat insgesamt 92.719 Restricted Stock Units ausgegeben, von denen jede das Recht auf eine Aktie der Class A Stammaktien von Stagwell repräsentiert. Diese Einheiten werden in zwei Raten erdacht: ein Drittel am zweiten Jahrestag und zwei Drittel am dritten Jahrestag des Zuteilungsdatums. Die Auszeichnungen unterliegen einer beschleunigten Veste, wenn das Arbeitsverhältnis ohne wichtigen Grund beendet wird oder aufgrund von Tod oder Invalidität. Stagwell gewährte diese Auszeichnungen als wesentliche Anreiz für die Beschäftigung gemäß der Nasdaq-Listingregel 5635(c)(4).

Positive
  • Attraction of new talent through equity incentives
  • Alignment of employee interests with company performance through stock-based compensation
Negative
  • Potential dilution of existing shareholders' equity

NEW YORK, Aug. 9, 2024 /PRNewswire/ -- Stagwell Inc. (the "Company") announced today the grant of equity inducement awards. Effective August 8, 2024, the Company granted a total of 92,719 restricted stock units to six new employees. Each restricted stock unit represents the right to receive one share of the Company's Class A common stock. The restricted stock units will vest in two installments, with one-third vesting on the second anniversary of the grant date and two-thirds vesting on the third anniversary of the grant date. The restricted stock units are subject to accelerated vesting upon (i) termination of employment by the Company without Cause or (ii) death or disability. The Company granted these awards as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4).   

For more information on Stagwell, please visit www.stagwellglobal.com

About Stagwell

Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients.  www.stagwellglobal.com.

Contact:

Beth Sidhu


pr@stagwellglobal.com

 

Stagwell is the challenger network built to transform marketing. (PRNewsfoto/Stagwell Inc.)

 

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SOURCE Stagwell Inc.

FAQ

How many restricted stock units did Stagwell (STGW) grant on August 8, 2024?

Stagwell (STGW) granted a total of 92,719 restricted stock units on August 8, 2024.

What is the vesting schedule for Stagwell's (STGW) restricted stock units granted on August 8, 2024?

The restricted stock units will vest in two installments: one-third on the second anniversary and two-thirds on the third anniversary of the grant date.

Under what circumstances can Stagwell's (STGW) restricted stock units be subject to accelerated vesting?

The restricted stock units are subject to accelerated vesting upon termination of employment by the Company without Cause or in case of death or disability of the employee.

What Nasdaq rule did Stagwell (STGW) comply with for these equity inducement grants?

Stagwell (STGW) granted these awards as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4).

Stagwell Inc.

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