Stagwell (STGW) General Counsel has 8,512 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stagwell Inc General Counsel Peter McElligott reported a routine tax-related share disposition. The company withheld 8,512 shares of Class A common stock at $5.24 per share to cover tax obligations from vesting restricted stock units, rather than through an open-market sale. After this withholding, McElligott directly holds 85,795 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McElligott Peter
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 8,512 | $5.24 | $45K |
Holdings After Transaction:
Class A Common Stock — 85,795 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Stagwell Inc (STGW) report for Peter McElligott?
Stagwell Inc reported that General Counsel Peter McElligott had 8,512 Class A shares withheld at $5.24 each. These shares were retained by the company to satisfy tax obligations arising from vesting restricted stock units, rather than being sold on the open market.
What does transaction code F mean in the Stagwell (STGW) Form 4 filing?
Transaction code F indicates shares were disposed of to pay an exercise price or tax liability. In this case, 8,512 Class A shares at $5.24 were withheld by Stagwell to satisfy tax withholding requirements on the vesting of restricted stock units.