Stagwell (STGW) CFO reports forfeited and tax-withheld restricted shares
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
Net Seller: 57,798 shares
Net Sell
2 txns
Insider
Lanuto Frank P
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 12,264 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 45,534 | $4.82 | $219K |
Holdings After Transaction:
Class A Common Stock — 536,530 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Represents shares withheld by the issuer to satisfy tax withholding requirements on the nonreportable vesting of restricted stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.