Vaughan Brandt A. 4

What Happened

• Vaughan Brandt, a member of Stagwell's Board of Directors, was issued 2,355 shares of Class A common stock on 2026-07-01. The filing reports an acquisition (award) at an effective price of $7.43 per share, totaling $17,498.
• This was not an open-market purchase but stock compensation: Brandt elected to receive his quarterly director fee in fully vested shares instead of cash.

Key Details

• Transaction date: 2026-07-01; reported on Form 4 filed 2026-07-02 (timely).
• Transaction type/code: Award/Acquisition (A).
• Shares acquired: 2,355 shares at $7.43/share; reported aggregate value $17,498.
• Footnote: Under the issuer’s Non-Employee Director Compensation Policy, the director elected stock in lieu of a $17,500 quarterly fee; the share count was calculated using the closing price on the trading day immediately preceding payment (explains the award amount).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: The Form 4 was filed the day after the transaction date and is not indicated as late.

Context

• Director stock awards in lieu of cash are a routine compensation practice and do not by themselves indicate a buy or sell signal from the insider. This transaction reflects compensation payment mechanics rather than an active market trade.