Stagwell (STGW) director takes $17,500 board fee entirely in stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stagwell Inc director Vaughan A. Brandt acquired 2,782 shares of Class A Common Stock as a grant under the company’s Non-Employee Director Compensation Policy. The award represents a quarterly board fee of $17,500, calculated using a reference price of $6.29 per share. After this stock-based fee payment, Brandt directly holds 195,179 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vaughan Brandt A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,782 | $6.29 | $17K |
Holdings After Transaction:
Class A Common Stock — 195,179 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 2,782 shares
Fee value: $17,500
Reference share price: $6.29 per share
+1 more
4 metrics
Shares granted
2,782 shares
Class A Common Stock grant as quarterly board fee
Fee value
$17,500
Quarterly director fee satisfied in stock
Reference share price
$6.29 per share
Closing price on trading day before payment date
Post-transaction holdings
195,179 shares
Director’s direct ownership after the grant
Key Terms
Non-Employee Director Compensation Policy, fully vested Class A Common Stock, closing price
3 terms
Non-Employee Director Compensation Policy financial
"Pursuant to the Issuer's Non-Employee Director Compensation Policy, the reporting person elected to receive payment..."
fully vested Class A Common Stock financial
"...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."
closing price financial
"The number of shares was calculated based on a $17,500 fee divided by the closing price of the Class A Common stock..."
FAQ
What insider transaction did Stagwell (STGW) director Vaughan A. Brandt report?
Vaughan A. Brandt reported acquiring 2,782 shares of Stagwell Class A Common Stock. The shares were granted as a quarterly board fee under the Non-Employee Director Compensation Policy, rather than through an open-market purchase or sale.
Is the Stagwell (STGW) director’s Form 4 transaction a market purchase or sale?
The Form 4 shows a grant or award acquisition, not a market trade. Shares were issued as fully vested stock in lieu of a cash director fee, so there was no open-market buying or selling involved in this transaction.