Leadership & Pay ·
Stagwell Inc. announced a first amendment to the employment agreement of CEO Mark Penn on July 28, 2026
STGWStagwell Inc
Stagwell Inc. announced a first amendment to the employment agreement of CEO Mark Penn on July 28, 2026. The amendment extends his term until July 31, 2029, and increases his annual base salary from $1,260,000 to $1,400,000 effective August 1, 2026. Mr. Penn will receive a one-time bonus of $581,667 payable by August 15, 2026. His annual bonus target is set at 240% of base salary, and the long-term equity incentive plan award target is 450%. Additionally, the company granted him 2,000,000 cash-settled stock appreciation rights (SARs) with a base price of $8.45 per share on August 1, 2026, vesting over three years. Stagwell Inc. operates in the marketing and communications industry.