Lanuto Frank P 4

What Happened
Frank P. Lanuto, Executive Vice President, Finance of Stagwell Inc. (STGW), had 16,208 shares withheld by the issuer on March 7, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock units. The withholding was reported as a disposition at $5.24 per share, with a notional value of $84,930. This is a routine tax-withholding transaction, not an open-market sale.

Key Details

• Transaction date: 2026-03-07; Report filed: 2026-03-10 (filing appears timely).
• Price: $5.24 per share; Shares withheld/disposed: 16,208; Total value: $84,930.
• Shares owned after transaction: not specified in this filing.
• Footnote: F1 — shares withheld by the issuer to satisfy tax withholding on nonreportable RSU vesting.
• Transaction code: F (tax withholding on vested awards), not a market sale (no new cash proceeds to the insider beyond satisfying tax).

Context
Share withholding to cover taxes on vested restricted stock units is a common administrative move and does not necessarily indicate a change in the insider’s view of the company. Because the shares were withheld by the issuer to meet tax obligations, this should be treated as a routine disposition rather than a directional insider trade.