Insider Trades
Stagwell CEO Mark Penn Cashes Out 1 Million Stock Appreciation Rights Worth $8.3 Million
Penn's rights were set to expire December 14, 2026, and he still holds 25,034,990 Stagwell shares after the cash settlement.
Stagwell (STGW) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Insider Trades
Penn's rights were set to expire December 14, 2026, and he still holds 25,034,990 Stagwell shares after the cash settlement.
SEC Filings
An amended filing shows the board seated Kaplan on its pay panel on October 28, nearly three months after she joined as a director.
Deals
Stock pay and acquisition-payment charges rose $41.9 million in the third quarter, enough to push operating income below last year's.
Earnings
CEO Mark Penn says the marketing firm's first major federal assignment spans five years, and a second win followed within weeks.
Earnings
Penn told analysts that growth in software and digital transformation could justify a far higher valuation, then told investors to judge for themselves.
Earnings
The marketing network raised its adjusted EBITDA and EPS forecasts as digital transformation grew 23% and operating cash flow jumped.
SEC Filings
The 8-K names no successor and gives no other reason for the departure, saying only that it is not a disagreement with the company.