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

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Stagwell (STGW) announced the grant of equity inducement awards to six new employees. The company issued a total of 55,406 restricted stock units, with each unit convertible into one share of Class A common stock. The vesting schedule includes one-third vesting after two years and two-thirds vesting after three years from the grant date. The awards include accelerated vesting provisions in cases of termination without cause, death, or disability. These grants were made as employment inducements under Nasdaq Listing Rule 5635(c)(4).

Stagwell (STGW) ha annunciato l'assegnazione di premi azionari di incentivazione a sei nuovi dipendenti. L'azienda ha emesso un totale di 55.406 unità azionarie vincolate, con ogni unità convertibile in un'azione ordinaria di Classe A. Il piano di maturazione prevede un terzo delle unità che maturano dopo due anni e due terzi che maturano dopo tre anni dalla data di concessione. I premi includono disposizioni per la maturazione accelerata in caso di cessazione senza giusta causa, morte o invalidità. Questi premi sono stati concessi come incentivi all'occupazione secondo la Regola di Quotazione 5635(c)(4) del Nasdaq.

Stagwell (STGW) anunció la concesión de premios en acciones de incentivo a seis nuevos empleados. La empresa emitió un total de 55,406 unidades de acciones restringidas, con cada unidad convertible en una acción ordinaria de Clase A. El calendario de adquisición incluye un tercio de las acciones que se adquieren después de dos años y dos tercios que se adquieren después de tres años desde la fecha de concesión. Los premios incluyen disposiciones de adquisición acelerada en caso de despido sin causa, muerte o invalidez. Estas concesiones se hicieron como incentivos laborales bajo la Regla de Listado 5635(c)(4) de Nasdaq.

Stagwell (STGW)는 6명의 새로운 직원에게 주식 유인 보상을 부여한다고 발표했습니다. 회사는 총 55,406주 제한 주식 단위를 발행했으며, 각 단위는 클래스 A 보통주 1주로 전환될 수 있습니다. 배당 조건은 부여일로부터 2년 후 1/3, 3년 후 2/3로 설정되어 있습니다. 보상에는 정당한 사유 없이 해고, 사망 또는 장애 발생 시 가속 배당 조항이 포함되어 있습니다. 이러한 보상은 Nasdaq 상장 규정 5635(c)(4) 아래의 고용 유인으로 제공되었습니다.

Stagwell (STGW) a annoncé l'octroi de récompenses en actions d'incitation à six nouveaux employés. L'entreprise a émis un total de 55 406 unités d'actions restreintes, chaque unité étant convertible en une action ordinaire de Classe A. Le calendrier d'acquisition prévoit qu'un tiers des actions soient acquises après deux ans et deux tiers après trois ans à partir de la date d'octroi. Les récompenses comprennent des dispositions d'acquisition accélérée en cas de licenciement sans motif, de décès ou d'invalidité. Ces attributions ont été faites comme incitations à l'embauche conformément à la règle de cotation 5635(c)(4) de Nasdaq.

Stagwell (STGW) gab bekannt, dass es sechs neuen Mitarbeitern Aktienanreizpreise gewährt hat. Das Unternehmen gab insgesamt 55.406 eingeschränkte Aktieneinheiten aus, wobei jede Einheit in eine Aktie der Klasse A umwandelbar ist. Der Vesting-Zeitplan sieht vor, dass ein Drittel nach zwei Jahren und zwei Drittel nach drei Jahren ab dem Gewährungsdatum fällig wird. Die Preise enthalten Regelungen für beschleunigte Vesting-Optionen im Falle einer Kündigung ohne Grund, Tod oder Invalidität. Diese Gewährungen wurden als Beschäftigungsanreize gemäß der Nasdaq-Listing-Regel 5635(c)(4) vorgenommen.

Positive
  • Attraction and retention of talent through equity compensation
  • Strategic alignment of employee interests with shareholders through stock ownership
Negative
  • Potential shareholder dilution from 55,406 new stock units

NEW YORK, Nov. 15, 2024 /PRNewswire/ -- Stagwell Inc. (the "Company") announced today the grant of equity inducement awards. Effective November 14, 2024, the Company granted a total of 55,406 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 in November 2024?

Stagwell (STGW) granted 55,406 restricted stock units to six new employees on November 14, 2024.

What is the vesting schedule for Stagwell's (STGW) November 2024 restricted stock units?

The restricted stock units vest in two installments: one-third after two years and two-thirds after three years from the grant date.

Under what circumstances do Stagwell's (STGW) November 2024 restricted stock units have accelerated vesting?

The restricted stock units have accelerated vesting upon termination without cause, death, or disability.

Stagwell Inc.

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