Stagwell counsel logs restricted stock dispositions
Stagwell Inc General Counsel Peter McElligott reported two stock dispositions related to equity compensation on Class A Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Stagwell Inc General Counsel Peter McElligott reported two stock dispositions related to equity compensation on Class A Common Stock. On the first transaction, he disposed of 1,831 shares at $0.00 per share in a disposition to the issuer, leaving him with 104,428 shares. A footnote explains these shares were restricted stock forfeited to the issuer upon partial vesting of a three-year performance-based award.
In a second transaction on the same date, he disposed of 10,121 shares at $4.82 per share through a tax-withholding disposition, leaving him with 94,307 directly owned shares. A footnote states these shares were withheld by the issuer to satisfy tax withholding requirements on the vesting of restricted stock, rather than being sold in the open market.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 1,831 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 10,121 | $4.82 | $49K |
Footnotes (2)
- F1. Represents shares of restricted stock forfeited to the issuer in connection with the partial vesting of a three-year financial performance-based restricted stock award.
- F2. Represents shares withheld by the issuer to satisfy tax withholding requirements on the nonreportable vesting of restricted stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did STGW General Counsel Peter McElligott report?
Were Peter McElligott’s STGW transactions open-market sales?
AI-generated analysis. How Rhea-AI works. Not financial advice.