Greene Ryan 4
Research Summary
AI-generated summary
Stagwell (STGW) CFO Ryan Greene Sells 403,717 Shares
What Happened
- Ryan Greene, Chief Financial Officer of Stagwell Inc. (STGW), had 403,717 shares repurchased by the issuer on 2026-03-11 at $6.17 per share, yielding proceeds of $2,490,005. The disposition was a repurchase by the company to cover the reporting person's tax obligations related to a prior April 4, 2025 exchange of Class C for Class A common stock.
Key Details
- Transaction date: 2026-03-11; Form 4 filed: 2026-03-13 (filed timely).
- Shares repurchased: 403,717; Price: $6.17 per share; Total value: $2,490,005.
- Shares owned after the transaction: not specified in this filing.
- Footnotes: F1 — repurchase was to satisfy tax withholding from the April 4, 2025 exchange; F2 — price reflects a 1% discount to the closing price on the transaction date.
- Transaction type: Disposition to issuer (repurchase/tax withholding), not an open-market sale.
Context
- This was a tax-withholding repurchase related to a prior equity exchange, a common administrative transaction that does not necessarily indicate a change in the insider’s view of the company. Because the shares were repurchased by the issuer (and sold at a slight discount), it’s different from a market sale and generally less informative about insider sentiment.