Stagwell (STGW) CFO reports forfeited and tax-withheld restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stagwell Inc Chief Financial Officer Frank P. Lanuto reported two internal share dispositions on March 3, 2026 involving Class A common stock tied to restricted stock awards.
He forfeited 12,264 shares back to the issuer upon partial vesting of a three-year performance-based grant, and 45,534 shares were withheld by the issuer at $4.82 per share to cover tax obligations on vesting, leaving him with 536,530 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lanuto Frank P
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 12,264 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 45,534 | $4.82 | $219K |
Holdings After Transaction:
Class A Common Stock — 582,064 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 transactions did STGW CFO Frank P. Lanuto report?
Frank P. Lanuto reported two dispositions of Stagwell Class A common stock on March 3, 2026. One was a forfeiture of restricted shares to the issuer, and the other was issuer share withholding to cover tax obligations tied to restricted stock vesting.
Were the STGW insider transactions open-market sales by the CFO?
No. One transaction was a disposition to the issuer through forfeiture of restricted stock upon partial vesting. The other involved shares withheld by the issuer to meet tax withholding requirements. Both are equity award-related events, not discretionary open-market sales by the CFO.