Stagwell (STGW) CFO disposes 403,717 shares in tax-related issuer buyback
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stagwell Inc’s Chief Financial Officer, Ryan Greene, reported a disposition of Class A common stock back to the company. On the transaction date, Greene transferred 403,717 shares at $6.1677 per share to Stagwell Inc. The footnotes explain this was a share repurchase by the issuer to cover Greene’s tax obligations arising from an April 4, 2025 exchange of Class C for Class A shares. After this tax-related repurchase, Greene directly holds 1,321,454 shares of Class A common stock, indicating he retains a substantial equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Greene Ryan
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 403,717 | $6.1677 | $2.49M |
Holdings After Transaction:
Class A Common Stock — 1,321,454 shares (Direct)
Footnotes (1)
- Represents shares repurchased by the Issuer from the Reporting Person in connection with the Reporting Person's tax obligations resulting from the April 4, 2025 exchange by Stagwell Media LP of shares of Class C Common Stock of the Issuer, together with the corresponding interest in a subsidiary of the Issuer, for shares of Class A Common Stock (the "Exchange"). The shares repurchased are a portion of the shares distributed to the Reporting Person as a result of the Exchange. Reflects a 1% discount to the closing price of the Class A Common Stock on the transaction date.
FAQ
What insider transaction did Stagwell (STGW) report for CFO Ryan Greene?
Stagwell reported that CFO Ryan Greene disposed of 403,717 Class A shares back to the company at $6.1677 per share. The transaction was a repurchase by the issuer, tied to Greene’s tax obligations from a prior share exchange, not an open-market sale.
Was the Stagwell (STGW) CFO’s Form 4 transaction an open-market sale?
No. The Form 4 shows a disposition to the issuer, not an open-market sale. Footnotes state Stagwell repurchased 403,717 shares from CFO Ryan Greene to satisfy tax obligations from an earlier exchange of Class C to Class A shares.
Does the Stagwell (STGW) Form 4 mention any discount in the repurchase price?
Yes. The Form 4 footnotes state that the $6.1677 per share repurchase price includes a 1% discount to the Class A common stock’s closing price on the transaction date. This discount is explicitly disclosed as part of the tax-related share repurchase arrangement.