Penn Mark Jeffery 4

What Happened
Mark Penn, CEO of Stagwell Inc. (STGW), had 75,447 shares withheld on March 7, 2026 to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The filing reports the shares were disposed/withheld at $5.24 per share, totaling approximately $395,342. This was a tax-withholding action (notation F), not an open-market sale.

Key Details

• Transaction date and price: 2026-03-07 at $5.24 per share; 75,447 shares; total ≈ $395,342.
• Transaction type: F — shares withheld by the issuer to satisfy tax withholding on RSU vesting (cashless/withholding disposition).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 indicates shares were withheld to satisfy tax withholding on nonreportable RSU vesting. F2 notes the shares are held by The Stagwell Group LLC, of which the reporting person is the controlling person.
• Filing date: Form 4 filed Mar 10, 2026 (report lists the Mar 7 transaction); the provided record does not flag a late filing status.

Context
Withholding shares to cover taxes is a routine administrative step when RSUs vest and does not indicate an insider selling shares on the open market. For retail investors, purchases or open-market sales by insiders are generally more informative about sentiment than tax-withholding dispositions.