Stagwell (NASDAQ: STGW) EVP transfers 40K shares back to company
Rhea-AI Filing Summary
Stagwell Inc EVP of Finance Frank P. Lanuto reported a disposition of Class A common stock back to the company. He transferred 40,534 shares to Stagwell on a disposition-to-issuer basis at an average price of $6.1677 per share, reflecting a 1% discount to the closing price on the transaction date. Following this repurchase by the issuer, Lanuto directly holds 479,788 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,534 shares
Net Sell
1 txn
Insider
Lanuto Frank P
Role
EVP, Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 40,534 | $6.1677 | $250K |
Holdings After Transaction:
Class A Common Stock — 479,788 shares (Direct)
Footnotes (2)
- F1. Represents shares repurchased by the Issuer from the Reporting Person.
- F2. Reflects a 1% discount to the closing price of the Class A Common Stock on the transaction date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Stagwell (STGW) report for Frank P. Lanuto?
Stagwell reported that EVP of Finance Frank P. Lanuto disposed 40,534 shares of Class A common stock back to the company. The transaction was classified as a disposition to the issuer rather than an open-market sale.
Was the Stagwell (STGW) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 describes it as a disposition to the issuer, and a footnote explains the 40,534 shares were repurchased by Stagwell directly from Frank P. Lanuto at a modest discount.
What role does Frank P. Lanuto hold at Stagwell (STGW) in this Form 4 filing?
Frank P. Lanuto is identified as an executive officer of Stagwell, serving as Executive Vice President, Finance. His position makes this insider Form 4 filing particularly relevant for tracking management’s equity transactions and ongoing ownership levels in the company.