Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 103

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 103
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urchased and cancelled (35,527)(36)— — (225,469)— — (225,505)— (225,505)Restricted shares forfeited(67)— — — — — — — — — Stock-based compensation— — — — 49,674 — — 49,674 — 49,674 Shares issued, acquisitions7,530 8 — — 41,152 — — 41,160 — 41,160 Change in ownership held by Class C shareholders— — — — (10,858)— — (10,858)10,858 — Conversion of Class C to Class A shares9,260 9 (9,260)— (9)— — — — — Other (1)1 (1)— — (1,614)(639)— (2,254)(712)(2,966)Balance at December 31, 2023118,469 $118 151,649 $2 $348,494 $21,148 $(13,067)$356,695 $468,577 $825,272 

(1) The Other line within Paid-in Capital includes $1.6 million in connection with the modification of certain stock-appreciation rights from equity to cash-settled that were subsequently exercised in equity.

See Notes to the Audited Consolidated Financial Statements.

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Table of ContentsSTAGWELL INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - (continued)(amounts in thousands)

Year Ended December 31, 2022 Common Shares - Class A & BCommon Shares - Class CPaid-in CapitalRetained EarningsAccumulated Other Comprehensive LossStagwell Inc. Shareholders’ EquityNoncontrolling InterestsShareholders’ EquitySharesAmountSharesAmountBalance at December 31, 2021118,252 $118 179,970 $2 $382,893 $(6,982)$(5,278)$370,753 $508,287 $879,040 Net income— — — — — 19,919 — 19,919 30,125 50,044 Other comprehensive loss— — — —