CEO of Stagwell (NASDAQ: STGW) disposes shares back to issuer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stagwell Inc’s Chief Executive Officer Mark Jeffery Penn reported a tax-related share disposition. He transferred 4,572,207 shares of Class A Common Stock back to the company at $6.1677 per share, as part of covering tax obligations tied to a prior exchange of shares. After this issuer repurchase, he still directly owns 22,625,558 Class A shares and indirectly holds 2,000,000 additional shares through The Stagwell Group LLC, where he is the controlling person.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Penn Mark Jeffery
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 4,572,207 | $6.1677 | $28.20M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 22,625,558 shares (Direct);
Class A Common Stock — 2,000,000 shares (Indirect, See Footnote)
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. The shares are held by The Stagwell Group LLC ("Stagwell Group"). The Reporting Person is the controlling person of Stagwell Group.
FAQ
What insider transaction did Stagwell (STGW) report for CEO Mark Penn?
Mark Penn reported an issuer repurchase of his shares. He disposed of 4,572,207 Stagwell Class A Common shares back to the company at $6.1677 per share, primarily to satisfy tax obligations arising from an earlier exchange of Class C into Class A shares.
What is The Stagwell Group LLC’s role in the CEO’s Stagwell (STGW) holdings?
The Stagwell Group LLC holds shares indirectly for the CEO. The filing states 2,000,000 Class A shares are held by The Stagwell Group LLC. Mark Penn is identified as the controlling person of this entity, which creates an indirect ownership position in addition to his direct holdings.