Stagwell president has 44,230 shares withheld for tax
Stagwell Inc President Jay Leveton reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Stagwell Inc President Jay Leveton reported a routine tax-related share disposition. The company withheld 44,230 shares of Class A common stock at $5.24 per share to cover tax obligations on the vesting of restricted stock units, rather than an open-market sale. After this withholding, Leveton still directly holds 2,577,168 shares, indicating he retains a substantial equity position in the company.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 44,230 | $5.24 | $232K |
Footnotes (1)
- F1. Represents shares withheld by the issuer to satisfy tax withholding requirements on the nonreportable vesting of restricted stock units.
FAQ
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What insider transaction did Stagwell (STGW) President Jay Leveton report?
What does transaction code F mean in Jay Leveton’s Stagwell (STGW) Form 4?
Is Jay Leveton’s Stagwell (STGW) Form 4 transaction considered a buy or sell?
AI-generated analysis. How Rhea-AI works. Not financial advice.