Stagwell director granted 2,691 shares as board fee
Samaha Eli reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Samaha Eli reported acquisition or exercise transactions in this Form 4 filing.
Stagwell Inc director Eli Samaha received 2,691 shares of Class A Common Stock as a quarterly board fee paid in stock instead of cash under the Non-Employee Director Compensation Policy. The grant corresponds to a $20,000 fee using the prior-day closing share price.
After this award, Samaha holds 170,764 Class A shares directly. An additional 8,014,322 shares are held by funds managed by Madison Avenue Partners, LP, where he is managing partner, and he disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,691 | $7.43 | $20K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Pursuant to the Issuer's Non-Employee Director Compensation Policy, the reporting person elected to receive payment of quarterly fees for service on the Issuer's Board of Directors in shares of fully vested Class A Common Stock in lieu of a cash payment. The number of shares was calculated based on a $20,000 fee divided by the closing price of the Class A Common stock on the trading day immediately preceding the date of payment.
- F2. These shares are held by funds managed by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of such securities.
Key Figures
Key Terms
Non-Employee Director Compensation Policy financial
pecuniary interest financial
beneficial ownership financial
Class A Common Stock financial
FAQ
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What insider transaction did Stagwell (STGW) director Eli Samaha report?
Was Eli Samaha’s Stagwell (STGW) Form 4 transaction an open-market stock purchase?
What is the role of Madison Avenue Partners in Eli Samaha’s Stagwell (STGW) holdings?
Does Eli Samaha’s Form 4 indicate any sales of Stagwell (STGW) stock?
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