Stagwell Inc. (STGW) Reports Equity Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
May 08 2024 - 3:47PM
PR Newswire (US)
NEW
YORK, May 8, 2024 /PRNewswire/ -- Stagwell Inc.
(the "Company") announced today the grant of equity inducement
awards. Effective May 3, 2024, the
Company granted a total of 24,403 restricted stock
units to three new employees. Each restricted stock unit
represents the right to receive one share of the Company's Class A
common stock. The restricted stock units will vest in two
installments, with one-third vesting on the second anniversary of
the grant date and two-thirds vesting on the third anniversary of
the grant date. The restricted stock units are subject to
accelerated vesting upon (i) termination of employment by the
Company without Cause or (ii) death or disability. The Company
granted these awards as a material inducement to employment in
accordance with Nasdaq Listing Rule 5635(c)(4).
For more information on Stagwell, please visit
www.stagwellglobal.com
About Stagwell
Stagwell is the challenger network built to transform marketing.
We deliver scaled creative performance for the world's most
ambitious brands, connecting culture-moving creativity with
leading-edge technology to harmonize the art and science of
marketing. Led by entrepreneurs, our 13,000+ specialists in 34+
countries are unified under a single purpose: to drive
effectiveness and improve business results for their clients. Join
us at www.stagwellglobal.com.
Contact:
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Beth Sidhu
|
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Beth.Sidhu@stagwellglobal.com
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202-423-4414
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SOURCE Stagwell Inc.
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