Stagwell (STGW) CFO has 9,359 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stagwell Inc Chief Financial Officer Ryan Greene reported a tax-related share disposition. The company withheld 9,359 shares of Class A Common Stock at $5.24 per share to cover tax obligations on vesting restricted stock units, rather than selling them in the market. After this withholding, Greene directly holds 1,725,171 shares, so his overall ownership stake remains large and the event is primarily administrative.
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 |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 9,359 | $5.24 | $49K |
Holdings After Transaction:
Class A Common Stock — 1,725,171 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Stagwell (STGW) report for CFO Ryan Greene?
Stagwell reported that CFO Ryan Greene had 9,359 Class A shares withheld to cover taxes on vesting restricted stock units. This was a non-market, tax-withholding disposition rather than an open-market sale, leaving his direct holdings at 1,725,171 shares.
Was the Stagwell (STGW) CFO’s Form 4 transaction an open-market stock sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The issuer withheld 9,359 shares at $5.24 per share to satisfy tax obligations from vesting restricted stock units, a routine administrative event for equity compensation.
What does transaction code F mean in the Stagwell (STGW) CFO Form 4?
Transaction code F indicates shares were disposed of to pay an exercise price or tax liability. In this case, 9,359 shares were withheld by Stagwell to satisfy tax withholding on vesting restricted stock units, rather than being sold on the open market by the CFO.