Stagwell (NASDAQ: STGW) EVP sees 16,208 shares withheld for taxes
Rhea-AI Filing Summary
Stagwell Inc executive vice president of finance Frank P. Lanuto reported a routine tax-related share disposition. On the vesting of restricted stock units, the issuer withheld 16,208 shares of Class A common stock at $5.24 per share to cover tax obligations. After this withholding, Lanuto directly holds 520,322 shares of Stagwell Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,208 shares
Net Sell
1 txn
Insider
Lanuto Frank P
Role
EVP, Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 16,208 | $5.24 | $85K |
Holdings After Transaction:
Class A Common Stock — 520,322 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the issuer to satisfy tax withholding requirements on the nonreportable vesting of restricted stock units.
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 had 16,208 Class A common shares withheld. The shares were retained by the issuer to satisfy tax obligations arising from the vesting of previously granted restricted stock units.
What does transaction code "F" mean in the Stagwell (STGW) Form 4 filing?
Transaction code "F" indicates payment of tax liability or exercise price by delivering securities. In this case, 16,208 Stagwell Class A shares were withheld by the issuer to satisfy tax withholding requirements on vested restricted stock units granted to Frank P. Lanuto.