---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-089814"
form_type: "8-K"
ticker: "STGW"
cik: "0000876883"
company_name: "Stagwell Inc"
filed_at: "2026-08-03T20:31:05+00:00"
generated_at: "2026-08-03T20:32:37.218885+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Stagwell extends CEO Mark Penn's contract to July 2029, grants 2M SARs

## Summary
- Employment term extended to July 31, 2029.
- Base salary increased to $1.4M from $1.26M effective August 1, 2026.
- Bonus of $581,667 payable by August 15, 2026; annual bonus target set at 240% of base salary.
- Annual long-term equity incentive target set at 450% of base salary.
- Grant of 2,000,000 SARs at $8.45 base price, vesting over 3 years, cash-settled.

## SEC filing metadata
- accession: 0001104659-26-089814
- form_type: 8-K
- ticker: STGW
- cik: 0000876883
- company_name: Stagwell Inc
- filed_at: 2026-08-03T20:31:05+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876883/000110465926089814/0001104659-26-089814-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876883/000110465926089814/tm2622028d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-089814
- JSON: https://secwatch.observer/filing/0001104659-26-089814.json
- Plain text: https://secwatch.observer/filing/0001104659-26-089814.txt

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