secwatch.observer — SEC 8-K summary
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Issuer:     Stagwell Inc (STGW)
CIK:        0000876883
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0001104659-21-151210
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876883/000110465921151210/0001104659-21-151210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876883/000110465921151210/tm2135779d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-151210

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