Stagwell (STGW) president reports forfeited and tax-withheld shares on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stagwell Inc President Jay Leveton reported two share dispositions tied to equity compensation on Class A Common Stock. On March 3, 2026, he forfeited 11,855 shares back to the company in connection with the partial vesting of a three-year performance-based restricted stock award. On the same date, 60,467 shares were withheld by Stagwell to cover tax obligations related to the non-reportable vesting of restricted stock. After these non-cash dispositions, Leveton directly held 2,621,398 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Leveton Jay
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 11,855 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 60,467 | $4.82 | $291K |
Holdings After Transaction:
Class A Common Stock — 2,681,865 shares (Direct)
Footnotes (1)
- 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. Represents shares withheld by the issuer to satisfy tax withholding requirements on the nonreportable vesting of restricted stock.
FAQ
What insider transaction did Stagwell (STGW) President Jay Leveton report?
Jay Leveton reported two share dispositions in Stagwell (STGW) Class A Common Stock. One involved forfeiting restricted shares to the company, and the other involved shares withheld to cover taxes on vesting restricted stock awards, both dated March 3, 2026.
Were Jay Leveton’s Stagwell (STGW) Form 4 transactions open-market sales?
The transactions were not open-market sales. One entry reflects shares forfeited to Stagwell in connection with performance-based restricted stock vesting, and the other reflects shares withheld by the issuer to satisfy tax withholding obligations on vesting restricted stock.