Stagwell CEO Mark Penn Exercises Stock Appreciation Rights and Sells Shares

According to a filing with the SEC reported by Quantisnow, Mark Jeffery Penn, the Chief Executive Officer of Stagwell Inc. (STGW), completed a series of transactions involving the exercise of Stock Appreciation Rights (SARs) and the subsequent sale of shares back to the company.

Transaction Details

Between October 29, 2026, and November 1, 2026, Penn executed several transactions involving Class A Common Stock. According to the filing, Penn acquired 1,000,000 shares at a price of $8.27 per share. These acquisitions were the result of exercising Stock Appreciation Rights (SARs) that were due to expire on December 14, 2026. The filing notes that these SARs had vested in equal installments on December 14, 2022, December 14, 2023, and December 14, 2024.

Following the acquisition of these shares, Penn returned 1,000,000 shares to the company. The specific details of these dispositions are as follows:

• October 29, 2026: Penn exercised 500,000 shares at $8.27 and sold 500,000 shares back to the company at $9.95.
• November 1, 2026: Penn exercised 500,000 shares at $8.27 and sold 500,000 shares back to the company at $10.47.

Quantisnow reports that Penn returned the shares to the company at an average price of $10.21. Following these transactions, the filing shows that Penn holds 23,034,990 shares directly.

Historical Context and Previous Filings

This series of transactions follows similar activity by Penn earlier in the year. According to an SEC Form 4 from August 12, 2026, Penn returned $5,272,750 worth of shares to the company, consisting of 575,000 units at $9.17, and exercised 575,000 shares at a strike price of $8.08.

Other recent insider transactions at Stagwell Inc. include:

• October 2, 2026: Director Vaughan Brandt A. was granted 2,149 shares, increasing direct ownership by 0.97% to 222,653 units.
• October 2, 2026: Director Samaha Eli was granted 2,457 shares, increasing direct ownership by 1% to 173,221 units.
• August 13, 2026: Director Kaplan Beth J was granted 15,459 shares.
• August 4, 2026: Officer Lanuto Frank P sold 62,000 units at $8.46, a total of $524,520, decreasing direct ownership by 11% to 491,977 units.

Why it matters

These transactions represent a significant movement of equity by the company's Chief Executive Officer. The exercise of SARs and the subsequent sale of shares back to the company are documented through official SEC filings, providing transparency regarding executive compensation and ownership changes within Stagwell Inc.

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Sources

• quantisnow.com: STGW CEO Penn acquired 1,000,000 shares at $8.27 (Form 4)
• ca.investing.com: Form 4 Stagwell Inc: Mark Jeffery Penn (Director, 10% Owner, CEO) For: 29 October By Investing.com

This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.