Stagwell (STGW) president reports 44,230-share tax withholding, holds 2.58M
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stagwell Inc President Jay Leveton reported a routine tax-related share disposition. The company withheld 44,230 shares of Class A common stock at $5.24 per share to cover tax obligations on the vesting of restricted stock units, rather than an open-market sale. After this withholding, Leveton still directly holds 2,577,168 shares, indicating he retains a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Leveton Jay
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 44,230 | $5.24 | $232K |
Holdings After Transaction:
Class A Common Stock — 2,577,168 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Stagwell (STGW) President Jay Leveton report?
Jay Leveton reported a tax-related share disposition involving 44,230 Stagwell Class A shares. These shares were withheld by the company to cover tax liabilities arising from the vesting of restricted stock units, rather than being sold on the open market.
What does transaction code F mean in Jay Leveton’s Stagwell (STGW) Form 4?
Transaction code F indicates a tax-withholding disposition. In this case, Stagwell withheld 44,230 shares from Jay Leveton to pay exercise price or tax liabilities related to restricted stock unit vesting, instead of him selling shares in the market to cover those obligations.
Is Jay Leveton’s Stagwell (STGW) Form 4 transaction considered a buy or sell?
The transaction is classified as a disposition for tax withholding, not a traditional buy or sell. Shares were delivered back to the issuer to cover tax liabilities on vested restricted stock units, which is an administrative event rather than a discretionary trading decision.