Stagwell (NASDAQ: STGW) EVP transfers 40K shares back to company
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stagwell Inc EVP of Finance Frank P. Lanuto reported a disposition of Class A common stock back to the company. He transferred 40,534 shares to Stagwell on a disposition-to-issuer basis at an average price of $6.1677 per share, reflecting a 1% discount to the closing price on the transaction date. Following this repurchase by the issuer, Lanuto directly holds 479,788 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lanuto Frank P
Role
EVP, Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 40,534 | $6.1677 | $250K |
Holdings After Transaction:
Class A Common Stock — 479,788 shares (Direct)
Footnotes (1)
- Represents shares repurchased by the Issuer from the Reporting Person. 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 Frank P. Lanuto?
Stagwell reported that EVP of Finance Frank P. Lanuto disposed 40,534 shares of Class A common stock back to the company. The transaction was classified as a disposition to the issuer rather than an open-market sale.
Was the Stagwell (STGW) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 describes it as a disposition to the issuer, and a footnote explains the 40,534 shares were repurchased by Stagwell directly from Frank P. Lanuto at a modest discount.
What role does Frank P. Lanuto hold at Stagwell (STGW) in this Form 4 filing?
Frank P. Lanuto is identified as an executive officer of Stagwell, serving as Executive Vice President, Finance. His position makes this insider Form 4 filing particularly relevant for tracking management’s equity transactions and ongoing ownership levels in the company.