Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 148

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 148
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 average remaining contractual life for time-based and performance-based awards was 0.48 years and 1.28 years, respectively. At December 31, 2024, the unrecognized compensation expense for time-based awards was $11.9 million and will be recognized over a weighted average period of 0.48 years.At December 31, 2024, the unrecognized compensation expense for performance-based awards was $11.7 million and will be recognized over a weighted average period of 1.28 years.The following table presents information about SAR awards:SAR AwardsSharesWeighted Average Grant Date Fair ValueWeighted Average Exercise PriceBalance at December 31, 20233,122 $2.59 $5.74 Granted— — — Forfeited— — — Exercised(500)3.41 2.19 Balance at December 31, 20242,622 $2.44 $6.42 We use the Black-Scholes option-pricing model to estimate the fair value of SAR awards. The grant date fair value of the SAR awards granted in 2023 ranged from $2.10 to $2.35 per share. The assumptions used to value the SARS granted in 2023 were as follows: expected life ranging from 3 to 4 years, risk free interest rate of approximately 4.6%, expected volatility ranging from 34.6% to 36.7%, and dividend yield of 0%. These SAR awards vest in 1 to 3 years. The vesting period of these awards is generally commensurate with the requisite service period. The term of these awards is 5 years. There were no SAR awards granted or forfeited in 2022 and 2024.Certain of the Company’s SAR awards are settled in cash. These awards are liability classified and remeasured at each reporting period. As of December 31, 2024, the assumptions for the Black-Scholes model for these awards were as follows: expected life ranging from 1 to 2.2 years, risk free interest rate of approximately 4%, expected volatility ranging from 27.9% to 

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31.0%, and dividend yield of 0.0%. The remaining term of these awards as of December 31, 2024, ranges from approximately 2.0 years to 3.2 years.For the year ended December 31, 2024, 0.