Company: STGW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001104659-25-039437
Chunk: 29

Company: Stagwell Inc
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 29
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 Changes . The Board recommends, subject to stockholder approval, that certain other changes be made to administrative provisions in the Current Plan. Alignment of the Third Amended and Restated 2016 Incentive Plan with Stockholders’ Interests As highlighted below, the Third Amended and Restated 2016 Incentive Plan includes a number of provisions that we believe are consistent with good compensation practices: • No Discounted Options or Stock Appreciation Rights . Options and SARs may not be granted with an exercise price lower than the fair market value of the underlying Shares on the date of grant. • No Repricings or Substitutions of Existing Incentive Awards without Stockholder Approval . The Third Amended and Restated 2016 Incentive Plan provides that, in no event will any new Incentive Awards be issued in substitution for outstanding incentive awards previously granted to participants in the Third Amended and Restated 2016 Incentive Plan, nor shall any repricing (within the meaning of U.S. generally accepted accounting practices or any applicable stock exchange rule) of Incentive Awards issued under the Third Amended and Restated 2016 Incentive Plan, such as Options or SARs, be permitted at any time under any circumstances, in each case unless the stockholders of the Company expressly approve such substitution or repricing. • No “Evergreen” Provision . There is no “evergreen” feature pursuant to which the Shares available for issuance under the Third Amended and Restated 2016 Incentive Plan can be automatically replenished. • No Dividends or Dividend Equivalents . Dividends or Dividend Equivalents may not be paid on any unvested awards. • No Transferability . Incentive Awards generally may not be assigned or transferred, except upon death by will or the laws of descent, unless approved by the Committee. • No “Reload” Grants . The Third Amended and Restated 2016 Incentive Plan does not provide for “reload” or other automatic grants to Participants. • No Tax Gross-ups . The Third Amended and Restated 2016 Incentive Plan does not provide for any tax gross-ups. • No Liberal Change in Control Definition . The Third Amended and Restated 2016 Incentive Plan does not include a “liberal” change in control definition. The Company requires a change in the majority of the Board or a 50% acquisition and transaction consummation in order to trigger a