---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-151210"
form_type: "8-K"
ticker: "STGW"
cik: "0000876883"
company_name: "Stagwell Inc"
filed_at: "2021-12-17T23:59:59+00:00"
generated_at: "2026-06-28T00:20:49.830571+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Stagwell extends CEO Mark Penn's employment to 2025, grants 1.5M SARs at $8.27

## Summary
- Amended employment agreement extends CEO Mark Penn's term through March 31, 2025.
- Base salary increases to $1.06M effective Jan 1 2022 and to $1.26M effective Jan 1 2023.
- CEO granted 1.5M stock appreciation rights (SARs) with base price $8.27 per share.
- SARs vest in three equal annual installments; 1.312M SARs require shareholder approval at 2022 annual meeting.
- Unvested SARs upon termination without cause or good reason; expiration 5 years from grant.

## SEC filing metadata
- accession: 0001104659-21-151210
- form_type: 8-K
- ticker: STGW
- cik: 0000876883
- company_name: Stagwell Inc
- filed_at: 2021-12-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876883/000110465921151210/0001104659-21-151210-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876883/000110465921151210/tm2135779d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-151210
- JSON: https://secwatch.observer/filing/0001104659-21-151210.json
- Plain text: https://secwatch.observer/filing/0001104659-21-151210.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.