Company: STGW
Filing Date: 2025-09-12
Form Type: 8-K
Source: 0001104659-25-089588
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Company: Stagwell Inc
Filing Date: 2025-09-12
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of  

As disclosed in the Current Report on Form 8-K filed by Stagwell Inc.
(the “ Company”) on July 8, 2025 (the “ Prior 8-K”), the Company notified Vincenzo DiMaggio, Chief Accounting Officer
of the Company, on July 7, 2025 that it was eliminating the stand-alone role of Chief Accounting Officer and that Mr. DiMaggio would depart
the Company on a date to be determined. In connection with such departure, on September 9, 2025, the Company and Mr. DiMaggio entered
into a Severance Agreement and General Release (the “ Severance Agreement”) pursuant to which the Company and Mr. DiMaggio
agreed that Mr. DiMaggio will depart the Company on September 19, 2025 (the “ Departure Date”). Subject to the terms and conditions
of the Severance Agreement, Mr. DiMaggio will receive severance payments equal to nine months of his annual base salary. The Company will
also reimburse Mr. DiMaggio for the cost of monthly COBRA premiums for continued participation in the Company’s health benefits
through the earlier of (i) March 31, 2026 and (ii) the date on which Mr. DiMaggio is eligible to receive health benefits under the plan
of a subsequent employer. The foregoing description of the Severance Agreement is a summary only and is qualified in its entirety by reference
to the terms of the Severance Agreement, which is filed as Exhibit 10.1 hereto and is incorporated by reference herein.

In addition to the benefits under the Severance Agreement, Mr. DiMaggio’s
unvested equity awards related to the Company’s Class A common stock will be treated as follows: (i) 9,689 restricted shares scheduled
to vest on November 22, 2025 will vest in full on the Departure Date, (ii) 13,922 restricted stock units scheduled to vest on March 7,
2026 will vest in full on the Departure Date, (iii) the target 22,892 restricted shares scheduled to vest on March 1, 2026, subject to
the Company’s achievement of the applicable financial performance target, will continue to vest according to the schedule and other
terms of the grant, (