<SEC-DOCUMENT>0001104659-25-060304.txt : 20250617
<SEC-HEADER>0001104659-25-060304.hdr.sgml : 20250617
<ACCEPTANCE-DATETIME>20250617170053
ACCESSION NUMBER:		0001104659-25-060304
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20250612
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20250617
DATE AS OF CHANGE:		20250617

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Stagwell Inc
		CENTRAL INDEX KEY:			0000876883
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING AGENCIES [7311]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				980364441
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13718
		FILM NUMBER:		251054133

	BUSINESS ADDRESS:	
		STREET 1:		ONE WORLD TRADE CENTER, FLOOR 65
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10007
		BUSINESS PHONE:		646 429 1800

	MAIL ADDRESS:	
		STREET 1:		ONE WORLD TRADE CENTER, FLOOR 65
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10007

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC Stagwell Holdings Inc
		DATE OF NAME CHANGE:	20210729

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC PARTNERS INC
		DATE OF NAME CHANGE:	20040206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC CORP INC
		DATE OF NAME CHANGE:	20001204
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tm2518230d1_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<XBRL>
<?xml version='1.0' encoding='ASCII'?>
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:dei="http://xbrl.sec.gov/dei/2025" xmlns:us-gaap="http://fasb.org/us-gaap/2025" xmlns:us-roles="http://fasb.org/us-roles/2025" xmlns:country="http://xbrl.sec.gov/country/2025" xmlns:srt="http://fasb.org/srt/2025" xmlns:STGW="http://mdc-partners.com/20250612">
<head>
     <title></title>
<meta http-equiv="Content-Type" content="text/html"/>
</head>
<!-- Field: Set; Name: xdx; ID: xdx_02E_US%2DGAAP%2D2025 -->
<!-- Field: Set; Name: xdx; ID: xdx_035_STGW_mdc%2Dpartners.com_20250612 -->
<!-- Field: Set; Name: xdx; ID: xdx_046_20250612_20250612 -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DAmendmentFlag_false -->
<!-- Field: Set; Name: xdx; ID: xdx_050_edei%2D%2DEntityCentralIndexKey_0000876883 -->
<!-- Field: Set; Name: xdx; ID: xdx_06B_USD_1_iso4217%2D%2DUSD -->
<!-- Field: Set; Name: xdx; ID: xdx_062_Shares_2_xbrli%2D%2Dshares -->
<!-- Field: Set; Name: xdx; ID: xdx_06D_USDPShares_3_iso4217%2D%2DUSD_xbrli%2D%2Dshares -->
<body style="font: 10pt Times New Roman, Times, Serif">
<div style="display: none">
<ix:header>
 <ix:hidden>
  <ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000003" name="dei:AmendmentFlag">false</ix:nonNumeric>
  <ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000004" name="dei:EntityCentralIndexKey">0000876883</ix:nonNumeric>
  </ix:hidden>
 <ix:references>
  <link:schemaRef xlink:href="stgw-20250612.xsd" xlink:type="simple"/>
  </ix:references>
 <ix:resources>
    <xbrli:context id="AsOf2025-06-12">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000876883</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-06-12</xbrli:startDate>
        <xbrli:endDate>2025-06-12</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:unit id="USD">
      <xbrli:measure>iso4217:USD</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Shares">
      <xbrli:measure>xbrli:shares</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="USDPShares">
      <xbrli:divide>
        <xbrli:unitNumerator>
          <xbrli:measure>iso4217:USD</xbrli:measure>
        </xbrli:unitNumerator>
        <xbrli:unitDenominator>
          <xbrli:measure>xbrli:shares</xbrli:measure>
        </xbrli:unitDenominator>
      </xbrli:divide>
    </xbrli:unit>
  </ix:resources>
 </ix:header>
</div>


<p style="margin: 0"></p>

<!-- Field: Rule-Page --><div style="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 2pt solid; border-bottom: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="margin: 0">&#160;</p>



<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>UNITED STATES </b></p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SECURITIES AND EXCHANGE COMMISSION </b></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>WASHINGTON, D.C. 20549 </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>FORM <span id="xdx_909_edei--DocumentType_c20250612__20250612_zltUk6dYEbrj"><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000009" name="dei:DocumentType">8-K</ix:nonNumeric></span></b><b>&#160;</b></p>

<p style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>CURRENT REPORT </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Pursuant to Section 13 or 15(d) </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>of the Securities Exchange Act of 1934 </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Date of Report (Date of earliest event reported):
<span id="xdx_90C_edei--DocumentPeriodEndDate_c20250612__20250612_zfjp02f4xVrb"><ix:nonNumeric contextRef="AsOf2025-06-12" format="ixt:datemonthdayyearen" id="Fact000010" name="dei:DocumentPeriodEndDate">June 12, 2025</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 18pt"><b><span id="xdx_90B_edei--EntityRegistrantName_c20250612__20250612_zze94Pdkjyy5"><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000011" name="dei:EntityRegistrantName">STAGWELL INC.</ix:nonNumeric></span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Exact name of Registrant as Specified in Its
Charter) </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 34%; text-align: center"><span style="font-size: 10pt"><b><span id="xdx_901_edei--EntityIncorporationStateCountryCode_c20250612__20250612_zI9BqM1r1sQj"><ix:nonNumeric contextRef="AsOf2025-06-12" format="ixt-sec:stateprovnameen" id="Fact000012" name="dei:EntityIncorporationStateCountryCode">Delaware</ix:nonNumeric></span></b></span></td>
    <td style="width: 33%; text-align: center"><span id="xdx_909_edei--EntityFileNumber_c20250612__20250612_zo6sE9XQyaKd" style="font-size: 10pt"><b><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000013" name="dei:EntityFileNumber">001-13718</ix:nonNumeric></b></span></td>
    <td style="width: 33%; text-align: center"><span id="xdx_902_edei--EntityTaxIdentificationNumber_c20250612__20250612_zlD2VEXysyrj" style="font-size: 10pt"><b><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000014" name="dei:EntityTaxIdentificationNumber">86-1390679</ix:nonNumeric></b></span></td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>(State or Other Jurisdiction<br/>

                                   of Incorporation)</b></p></td>
    <td style="text-align: center"><span style="font-size: 10pt"><b>(Commission <br/>
File Number)</b></span></td>
    <td style="text-align: center"><span style="font-size: 10pt"><b>(IRS Employer<br/>
 Identification No.)</b></span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span id="xdx_90A_edei--EntityAddressAddressLine1_c20250612__20250612_zex9PbP6IVeg"><b><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000015" name="dei:EntityAddressAddressLine1">One
World Trade Center</ix:nonNumeric></b></span><b>, <span id="xdx_905_edei--EntityAddressAddressLine2_c20250612__20250612_zQpbc2GVsKTk"><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000016" name="dei:EntityAddressAddressLine2">Floor 65</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b></b>

<span id="xdx_90D_edei--EntityAddressCityOrTown_c20250612__20250612_zsK51f6PoIpk"><b><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000017" name="dei:EntityAddressCityOrTown">New
York</ix:nonNumeric></b></span><b>, <span id="xdx_90D_edei--EntityAddressStateOrProvince_c20250612__20250612_zHMWRAK0QQE5"><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000018" name="dei:EntityAddressStateOrProvince">NY</ix:nonNumeric></span></b><b> <span id="xdx_90B_edei--EntityAddressPostalZipCode_c20250612__20250612_zdmCyJ6RvBFb"><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000019" name="dei:EntityAddressPostalZipCode">10007</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Address of principal executive offices)
(Zip Code)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(<span id="xdx_90F_edei--CityAreaCode_c20250612__20250612_ziOMgB62b0w5"><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000020" name="dei:CityAreaCode">646</ix:nonNumeric></span></b><b>)
<span id="xdx_909_edei--LocalPhoneNumber_c20250612__20250612_z4PpXIARxrKi"><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000021" name="dei:LocalPhoneNumber">429-1800</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Registrant's telephone number, including area code)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Not Applicable</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Former Name or Former Address, if Changed Since Last Report)</b></p>

<p style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 0.4in; font-size: 10pt"><span id="xdx_90D_edei--WrittenCommunications_c20250612__20250612_zuZdtRsDBNB8" style="font-family: Wingdings"><ix:nonNumeric contextRef="AsOf2025-06-12" format="ixt:booleanfalse" id="Fact000022" name="dei:WrittenCommunications">&#168;</ix:nonNumeric></span></td>
    <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif">Written communications pursuant
    to Rule 425 under the Securities Act (17 CFR 230.425) </span></td></tr>

<tr style="vertical-align: top">
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt"><span id="xdx_903_edei--SolicitingMaterial_c20250612__20250612_zMfLLn1oCZFk" style="font-family: Wingdings"><ix:nonNumeric contextRef="AsOf2025-06-12" format="ixt:booleanfalse" id="Fact000023" name="dei:SolicitingMaterial">&#168;</ix:nonNumeric></span></td>
    <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif">Soliciting material pursuant
    to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </span></td></tr>

<tr style="vertical-align: top">
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt"><span id="xdx_90C_edei--PreCommencementTenderOffer_c20250612__20250612_zrlRPjZhGzr" style="font-family: Wingdings"><ix:nonNumeric contextRef="AsOf2025-06-12" format="ixt:booleanfalse" id="Fact000024" name="dei:PreCommencementTenderOffer">&#168;</ix:nonNumeric></span></td>
    <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications
    pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </span></td></tr>

<tr style="vertical-align: top">
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt"><span id="xdx_902_edei--PreCommencementIssuerTenderOffer_c20250612__20250612_zIviSO0e5pNl" style="font-family: Wingdings"><ix:nonNumeric contextRef="AsOf2025-06-12" format="ixt:booleanfalse" id="Fact000025" name="dei:PreCommencementIssuerTenderOffer">&#168;</ix:nonNumeric></span></td>
    <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications
    pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt; background-color: white">Securities
registered pursuant to Section 12(b) of the Act:&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt; background-color: white">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 41%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center; font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif">Title
    of each class</span></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 19%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center; font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif">Trading
    symbol(s)</span></td>
    <td style="border: black 1pt solid; width: 40%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center; font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif">Name
    of each exchange on which registered</span></td></tr>
  <tr style="vertical-align: top">
    <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center; font-size: 10pt"><span id="xdx_901_edei--Security12bTitle_c20250612__20250612_zAKInMEkCdFb" style="font: 10pt Times New Roman, Times, Serif"><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000026" name="dei:Security12bTitle">Class
    A Common Stock, $0.001 par value</ix:nonNumeric></span></td>
    <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center; font-size: 10pt"><span id="xdx_90D_edei--TradingSymbol_c20250612__20250612_zqEGDWa2iGBj" style="font: 10pt Times New Roman, Times, Serif"><ix:nonNumeric contextRef="AsOf2025-06-12" id="Fact000027" name="dei:TradingSymbol">STGW</ix:nonNumeric></span></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center; font-size: 10pt"><span id="xdx_901_edei--SecurityExchangeName_c20250612__20250612_zQERHJis3Tzj" style="font: 10pt Times New Roman, Times, Serif"><ix:nonNumeric contextRef="AsOf2025-06-12" format="ixt-sec:exchnameen" id="Fact000028" name="dei:SecurityExchangeName">NASDAQ</ix:nonNumeric></span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><span style="font-family: Times New Roman, Times, Serif">Emerging
growth company&#160;</span><span id="xdx_902_edei--EntityEmergingGrowthCompany_c20250612__20250612_zO7dMmeSTMwa" style="font-family: Wingdings"><ix:nonNumeric contextRef="AsOf2025-06-12" format="ixt:booleanfalse" id="Fact000029" name="dei:EntityEmergingGrowthCompany">&#168;</ix:nonNumeric></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160;</span><span style="font-family: Wingdings">&#168;</span></p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><div style="border-top: Black 1pt solid; border-bottom: Black 2pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="padding: 0; width: 10%; font-size: 10pt; text-indent: 0"><span style="font-size: 10pt"><b>Item 5.02</b></span></td>
    <td style="padding: 0; width: 90%; font-size: 10pt; text-indent: 0"><span style="font-size: 10pt"><b>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</b></span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On June 12, 2025, at the 2025 Annual Meeting of Stockholders (the &#8220;Annual
Meeting&#8221;) of Stagwell Inc. (the &#8220;Company&#8221;), the Company&#8217;s stockholders approved the Stagwell Inc. Third Amended
and Restated 2016 Stock Incentive Plan (the &#8220;Amended Plan&#8221;) to increase the number of shares of Class A common stock, par
value $0.001 per share, of the Company reserved for issuance by 20,000,000 shares from 20,250,000 shares to 40,250,000 shares and make
the other changes described in &#8220;Proposal 2 &#8211; Approval of the Third Amended and Restated 2016 Stock Incentive Plan&#8221; in
the Company&#8217;s definitive proxy statement filed with the Securities and Exchange Commission on April 25, 2025 (the &#8220;2025 Proxy
Statement&#8221;), which description is incorporated by reference herein. The Board of Directors of the Company approved the Amended Plan,
subject to stockholder approval, on April 23, 2025.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The foregoing description of the Amended Plan is qualified in its entirety
by reference to the Amended Plan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="padding: 0; width: 10%; font-size: 10pt; text-indent: 0"><span style="font-size: 10pt"><b>Item 5.07</b></span></td>
    <td style="padding: 0; width: 90%; font-size: 10pt; text-indent: 0"><span style="font-size: 10pt"><b>Submission of Matters to a Vote of Security Holders.</b></span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Annual Meeting of Stockholders</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>&#160;</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 12, 2025, the Company held the Annual
Meeting. The stockholders considered four proposals as described in the 2025 Proxy Statement. The final results of the voting on each
matter submitted to stockholders at the Annual Meeting are set forth below.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Proposal 1 - Election of Directors. </b>The
stockholders elected the nominees for director by the votes shown below, each to hold office until the Company&#8217;s 2026 annual meeting
of stockholders.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr>
    <td style="border-bottom: Black 1pt solid; padding: 2.5pt; width: 25%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>Nominee</b></span></td>
    <td style="border-bottom: Black 1pt solid; padding: 2.5pt; width: 25%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>For</b></span></td>
    <td style="border-bottom: Black 1pt solid; padding: 2.5pt; width: 25%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>Withheld</b></span></td>
    <td style="border-bottom: Black 1pt solid; padding: 2.5pt; width: 25%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>Broker Non-Votes</b></span></td></tr>
  <tr style="background-color: #CCEEFF">
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">Charlene Barshefsky</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">246,538,650</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">2,513,991</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">8,175,802</span></td></tr>
  <tr>
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">Bradley J. Gross</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">248,009,499</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">1,043,142</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">8,175,802</span></td></tr>
  <tr style="background-color: #CCEEFF">
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">Wade Oosterman</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">244,699,007</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">4,353,634</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">8,175,802</span></td></tr>
  <tr>
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">Mark J. Penn</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">246,296,367</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">2,756,274</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">8,175,802</span></td></tr>
  <tr style="background-color: #CCEEFF">
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">Desir&#233;e Rogers</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">245,507,545</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">3,545,096</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">8,175,802</span></td></tr>
  <tr>
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">Eli Samaha</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">248,581,359</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">&#160;&#160;&#160;471,282</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">8,175,802</span></td></tr>
  <tr style="background-color: #CCEEFF">
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">Irwin D. Simon</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">245,618,301</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">3,434,340</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">8,175,802</span></td></tr>
  <tr>
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">Rodney Slater</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">244,915,945</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">4,136,696</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">8,175,802</span></td></tr>
  <tr style="background-color: #CCEEFF">
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">Brandt Vaughan</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">246,540,435</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">2,512,206</span></td>
    <td style="padding: 2.5pt; vertical-align: top; text-align: center; text-indent: 0"><span style="font-size: 10pt">8,175,802</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.65in 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5pt 0pt 0"><b>Proposal 2 &#8211; Approval of Third Amended and Restated
2016 Stock Incentive Plan. </b>The stockholders approved the Amended Plan by the votes shown below.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.65in 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr>
    <td style="border-bottom: Black 1pt solid; padding: 2.5pt; width: 25%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>For</b></span></td>
    <td style="border-bottom: Black 1pt solid; padding: 2.5pt; width: 25%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>Against</b></span></td>
    <td style="border-bottom: Black 1pt solid; padding: 2.5pt; width: 25%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>Abstain</b></span></td>
    <td style="border-bottom: Black 1pt solid; padding: 2.5pt; width: 25%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>Broker Non-Votes</b></span></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">245,059,418</span></td>
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">3,978,571</span></td>
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">14,652</span></td>
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">8,175,802</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.65in 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.5pt 0pt 0; text-align: justify"><b>Proposal 3 - Executive Compensation.
</b>The stockholders approved, on a non-binding, advisory basis, the 2024 executive compensation of the Company&#8217;s named executive
officers by the votes shown below.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.5pt 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr>
    <td style="padding: 2.5pt; width: 25%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>For</b></span></td>
    <td style="padding: 2.5pt; width: 25%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>Against</b></span></td>
    <td style="padding: 2.5pt; width: 25%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>Abstain</b></span></td>
    <td style="padding: 2.5pt; width: 25%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>Broker Non-Votes</b></span></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">244,013,294</span></td>
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">4,843,070</span></td>
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">196,277</span></td>
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">8,175,802</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&#160;<b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: justify"><b>Proposal 4 &#8211; Ratification
of Selection of Independent Registered Public Accounting Firm. </b>The stockholders ratified the selection of PricewaterhouseCoopers LLP
to act as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2025 by the votes shown
below.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr>
    <td style="border-bottom: Black 1pt solid; padding: 2.5pt; width: 33%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>For</b></span></td>
    <td style="border-bottom: Black 1pt solid; padding: 2.5pt; width: 34%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>Against</b></span></td>
    <td style="border-bottom: Black 1pt solid; padding: 2.5pt; width: 33%; text-align: center; text-indent: 0"><span style="font-size: 10pt"><b>Abstain</b></span></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">256,598,614</span></td>
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">568,141</span></td>
    <td style="padding: 2.5pt; text-align: center; text-indent: 0"><span style="font-size: 10pt">61,688</span></td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;&#160;&#160;</p>

<!-- Field: Page; Sequence: 2 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><b>Item 9.01 Financial Statements and Exhibits.</b></p>

<p style="font: 13.5pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="padding: 0; width: 0.5in; font-size: 10pt; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) </span></td>
    <td style="padding: 0; font-size: 10pt; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibits.</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="padding: 0; width: 0.5in; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</span></td>
    <td style="padding: 0; width: 0.5in; text-indent: 0"><a href="tm2518230d1_ex10-1.htm" style="-sec-extract: exhibit"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1&#160;</span></a></td>
    <td style="padding: 0; text-indent: 0"><a href="tm2518230d1_ex10-1.htm" style="-sec-extract: exhibit">Third Amended and Restated 2016 Stock Incentive Plan</a></td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 0; text-align: justify; text-indent: 0">&#160;</td>
    <td style="padding: 0; text-align: justify; text-indent: 0">&#160;</td>
    <td style="padding: 0; text-align: justify; text-indent: 0">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</span></td>
    <td style="padding: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">104 </span></td>
    <td style="padding: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cover Page Interactive Data File (embedded within the Inline XBRL document)</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 2 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: June 17, 2025</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="padding: 0; text-indent: 0"><span style="font-size: 10pt">&#160;</span></td>
    <td colspan="3" style="padding: 0; text-indent: 0"><span style="font-size: 10pt">Stagwell Inc.</span></td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 0; width: 55%; text-indent: 0">&#160;</td>
    <td style="padding: 0; width: 3%; text-indent: 0">&#160;</td>
    <td style="padding: 0; width: 6%; text-indent: 0">&#160;</td>
    <td style="padding: 0; width: 36%; text-indent: 0">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 0; text-indent: 0"><span style="font-size: 10pt">&#160;</span></td>
    <td style="padding: 0; text-indent: 0"><span style="font-size: 10pt">By:</span></td>
    <td colspan="2" style="border-bottom: Black 1pt solid; padding: 0; text-indent: 0"><span style="font-size: 10pt">/s/ Edmund D. Graff</span></td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 0; text-indent: 0"><span style="font-size: 10pt">&#160;</span></td>
    <td style="padding: 0; text-indent: 0">&#160;</td>
    <td style="padding: 0; text-indent: 0"><span style="font-size: 10pt">Name: </span></td>
    <td style="padding: 0; text-indent: 0"><span style="font-size: 10pt">Edmund D. Graff</span></td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 0; text-indent: 0"><span style="font-size: 10pt">&#160;</span></td>
    <td style="padding: 0; text-indent: 0">&#160;</td>
    <td style="padding: 0; text-indent: 0"><span style="font-size: 10pt">Title: </span></td>
    <td style="padding: 0; text-indent: 0"><span style="font-size: 10pt">Senior Vice President, Deputy General Counsel and Corporate Secretary</span></td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<!-- Field: Set; Name: xdx; ID: xdx_08B_extensions -->
<!-- eJxFjd0KgkAQhZ/Adxj2WkqXIvIysYgsRCK6XXKMJd2R2e3vkXrLViUaDgzDOd8cIUKxobVukOG8KnM4Yts1yiGUWCOjuaBPpNtdAn6XeNXWsTJuOH9gSp5Bz8wnUl68MUQf2mKVQLSYypkXRPMkXkKxF0Hvp2RqXaFxWjWgTAUFU8caneL3+OGoXmSofQ9VJ2SrySQQT6LR/oCMYgkHeqgn8c1CnqciCIcJxIbp3vlU9nJoehKyBltfZ0f6r+ALDGBKlg== -->
</body>
</html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2518230d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>STAGWELL INC. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THIRD AMENDED AND RESTATED 2016 STOCK INCENTIVE
PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">1.</TD><TD STYLE="text-align: justify"><U>Purpose of the Plan</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Stagwell Inc. Third Amended
and Restated 2016 Stock Incentive Plan is intended to promote the interests of the Company and its shareholders by providing the employees
and consultants of the Company and eligible non-employee directors of the Company, who are largely responsible for the management, growth
and protection of the business of the Company, with incentives and rewards to encourage them to continue in the service of the Company.
The Plan is designed to meet this intent by providing such employees, consultants and eligible non-employee directors with a proprietary
interest in pursuing the long-term growth, profitability and financial success of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Plan constitutes an amendment
and restatement of the MDC Partners Inc. Second Amended and Restated 2016 Stock Incentive Plan (the &ldquo;Prior 2016 Plan&rdquo;), which
was initially approved by the Company&rsquo;s shareholders on June 1, 2016, amended on June 6, 2018, following approval by the Board of
Directors and the Company&rsquo;s shareholders, amended and restated on June 25, 2020, following approval by the Board of Directors and
the Company&rsquo;s shareholders, and amended and restated on June 14, 2022, following approval by the Board of Directors and the Company&rsquo;s
shareholders. The Prior 2016 Plan was amended and restated on April 23, 2025 by the Board of Directors subject to shareholder approval.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">2.</TD><TD STYLE="text-align: justify"><U>Definitions</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As used in the Plan, the following
definitions apply to the terms indicated below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Affiliate&rdquo;
means (i) any Subsidiary; and (ii) any domestic eligible entity that is disregarded, under Treasury Regulation Section 301.7701-3, as
an entity separate from either (A) the Company or (B) any Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Allowed
Transferee&rdquo; means, with respect to any Participant, any &ldquo;family member&rdquo; of the Participant, as defined in the General
Instructions to Form S-8 under the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Board
of Directors&rdquo; means the Board of Directors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Change
in Control&rdquo; means the occurrence of any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
 &ldquo;person&rdquo; or &ldquo;group&rdquo; of related persons other than Stagwell Media and any of its Permitted Transferees is or becomes
the &ldquo;beneficial owner&rdquo; (within the meaning of Rule 13d-3 promulgated under the Exchange Act, a &ldquo;Beneficial Owner&rdquo;),
directly or indirectly, in the aggregate of more than 50% of the total voting power of the Voting Stock of the Company; provided, that
the formation of a holding company to hold Capital Stock of the Company which does not change the beneficial ownership of such Capital
Stock (except as a result of the exercise of dissenters&rsquo; rights) will not constitute a Change in Control under this paragraph (A)
(provided that, from and after the formation of such holding company, all references to the Company in this definition shall instead refer
to such holding company);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;during
any period of two consecutive years, individuals who at the beginning of such period constituted the Board of Directors, together with
any new directors whose election by such Board of Directors or whose nomination for election by the shareholders of the Company was approved
by a vote of a majority of the directors of the Company then still in office who were either directors at the beginning of such period
or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority of the Board of
Directors then in office;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
liquidation or dissolution of the Company; or<BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Company consolidates with, or merges with or into, another Person, or the Company sells, conveys, assigns, transfers, leases or otherwise
disposes of all or substantially all of the assets of the Company, determined on a consolidated basis, to any Person, other than a transaction
where the Person or Persons that, immediately prior to such transaction, beneficially owned the outstanding Voting Stock of the Company
are, by virtue of such prior ownership, the beneficial owners in the aggregate of a majority of the total voting power of the then outstanding
Voting Stock of the surviving or transferee Person (or if such surviving or transferee Person is a direct or indirect wholly-owned subsidiary
of another Person, such Person who is the ultimate parent entity) (provided that, in the event the exception in this paragraph (iv) applies,
then, from and after the consummation of such transaction, all references to the Company in this definition shall instead refer to such
surviving or transferee Person or ultimate parent entity); provided, however, that a Change in Control shall not be deemed to occur by
reason of (I)&nbsp;an acquisition of Voting Stock directly by an employee benefit plan (or a trust forming a part thereof) maintained
by the Company or any Person of which a majority of its voting power or its voting equity securities or equity interest is owned, directly
or indirectly, by the Company, or (II)&nbsp;following such a transaction the individuals who immediately prior to the consummation of
the such transaction constituted a majority of the Board of Directors constitute a majority of the board of directors (or similar governing
body) of the surviving or transferee Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">For purposes of
this definition:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Business
Combination&rdquo; means, collectively, the transactions consummated pursuant to the Transaction Agreement, dated as of December 21, 2020,
by any among Stagwell Media, MDC Partners Inc., a Canadian corporation which domesticated as a Delaware corporation and converted into
Stagwell Global LLC pursuant to a certificate of conversion filed in the office of the Secretary of State of the State of Delaware, the
Company and Midas Merger Sub 1 LLC, a Delaware limited liability company, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Capital
Stock&rdquo; means: (a)&nbsp;with respect to any Person that is a corporation, any and all shares, interests, participations or other
equivalents (however designated and whether or not voting) of capital stock, including each class of common stock and preferred stock
of such Person and stock appreciation rights; (b)&nbsp;with respect to any Person that is not a corporation, any and all partnership or
other equity or ownership interests of such Person; and (c)&nbsp;any warrants, rights or options to purchase any of the instruments or
interests referred to in paragraphs (a) or (b) of this definition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Permitted
Transferee&rdquo; means, with respect to Stagwell Media, (a)&nbsp;any successor entity owned and controlled solely by the same Persons
that own and control Stagwell Media prior to such transfer; and (b)&nbsp;an Affiliate, general partner or limited partner or a holder,
as of immediately prior to the closing of the Business Combination, of an equity interest, equity award or equity-related award in an
entity contributed by Stagwell Media to Stagwell Global in connection with the Business Combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(D)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Stagwell
Global&rdquo; means Stagwell Global LLC, a Delaware limited liability company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(E)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Stagwell
Media&rdquo; means Stagwell Media LP, a Delaware limited partnership.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(F)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Voting
Stock&rdquo; means, with respect to any Person, securities of any class of Capital Stock of such Person entitling the holders thereof
(whether at all times or only so long as no senior class of stock has voting power by reason of any contingency) to vote in the election
of members of the board of directors (or equivalent governing body) of such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notwithstanding the foregoing,
a Change in Control shall not be deemed to occur solely because any Person (the &ldquo;Subject Person&rdquo;) becomes the Beneficial Owner
of more than the permitted amount of the outstanding Voting Stock as a result of the acquisition of Voting Stock by the Company which,
by reducing the number of Voting Stock outstanding, increases the proportional number of shares Beneficially Owned by the Subject Persons,
provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of Voting Stock
by the Company, and after such share acquisition by the Company, the Subject Person becomes the Beneficial Owner of any additional Voting
Stock which increases the percentage of the then outstanding Voting Stock Beneficially Owned by the Subject Person, then a Change in Control
shall occur.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 2; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Class
A Shares&rdquo; means the Company&rsquo;s Class A Common Stock, par value $0.001 per share, or any other security into which such shares
shall be changed pursuant to the adjustment provisions of Section&nbsp;10 of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Code&rdquo;
means the Internal Revenue Code of 1986, as amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Committee&rdquo;
means the Human Resources &amp; Compensation Committee of the Board of Directors or such other committee as the Board of Directors shall
appoint from time to time to administer the Plan and to otherwise exercise and perform the authority and functions assigned to the Committee
under the terms of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Company&rdquo;
means Stagwell Inc., a Delaware corporation, and each of its Subsidiaries, collectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Director&rdquo;
means a member of the Board of Directors who is not at the time of reference an employee of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Exchange
Act&rdquo; means the Securities Exchange Act of 1934, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Fair
Market Value&rdquo; means, with respect to a Class A Share, as of the applicable date of determination (i) the closing sales price on
the immediately preceding business day of Class A Shares as reported on the principal securities exchange on which such shares are then
listed or admitted to trading or (ii) if not so reported, the average of the closing bid and ask prices on the immediately preceding business
day as reported on the National Association of Securities Dealers Automated Quotation System or (iii) if not so reported, as furnished
by any member of the National Association of Securities Dealers, Inc. selected by the Committee. In the event that the price of Class
A Shares shall not be so reported, the Fair Market Value of Class A Shares shall be determined by the Committee in its absolute discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Incentive
Award&rdquo; means an Option, SAR or Other Stock-Based Award granted to a Participant pursuant to the terms of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Option&rdquo;
means a non-qualified stock option to purchase Class A Shares granted to a Participant pursuant to Section 6.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Other
Stock-Based Award&rdquo; means an equity or equity-related award granted to a Participant pursuant to Section 8, including without limitation
a restricted stock award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Participant&rdquo;
means any director, officer, employee or consultant (including any prospective director, officer, employee or consultant) of the Company
or its Affiliates who is an &ldquo;employee&rdquo; within the meaning of Form S-8 under the Exchange Act, as in effect from time to time,
who is selected by the Committee or the Board of Directors to receive an Incentive Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Performance
Measures&rdquo; means such measures as are described in Section 9 on which performance goals are based.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Permitted
Acceleration Event&rdquo; means (i) the occurrence of a Change in Control or an event described in Section 10(b), (c) or (d) or (ii) any
termination of the employment of a Participant, other than a termination for cause (as defined by the Committee) or voluntary termination
prior to retirement (as defined by the Committee).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Person&rdquo;
means a &ldquo;person&rdquo; as such term is used in Section 13(d) and 14(d) of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Plan&rdquo;
means this Stagwell Inc. Third Amended and Restated 2016 Stock Incentive Plan, as it may be amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;SAR&rdquo;
means a stock appreciation right granted to a Participant pursuant to Section 7.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Section
409A&rdquo; means Section 409A of the Code and the Department of Treasury regulations and other interpretive guidance issued thereunder,
including, without limitation, any such regulations or other guidance that may be issued after the date the Plan is adopted by the Board
of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Securities
Act&rdquo; means the Securities Act of 1933, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Subsidiary&rdquo;
means any &ldquo;subsidiary corporation&rdquo; within the meaning of Section 424(f) of the Code or any other entity that the Committee
determines from time to time should be treated as a subsidiary corporation for purposes of this Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">3.</TD><TD STYLE="text-align: justify"><U>Stock Subject to the Plan; Additional Limitations</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD STYLE="text-align: justify"><U>In General</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subject to adjustment as provided
in Section 10 and the following provisions of this Section 3, the maximum number of Class A Shares that may be covered by Incentive Awards
granted under the Plan shall not exceed 40,250,000 Class A Shares. Such share reserve includes (i)&nbsp;the 20,250,000 Class A Shares
reserved for issuance under the Prior 2016 Plan prior to April 23, 2025, plus (ii)&nbsp;the 20,000,000 Class A Shares reserved for issuance
under the Prior 2016 Plan on April 23, 2025, subject to shareholder approval at the Company&rsquo;s 2025 Annual Meeting of Shareholders.
Class A Shares issued under the Plan may be either authorized and unissued shares or treasury shares, or both, at the discretion of the
Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For purposes of the preceding
paragraph, Class A Shares covered by Incentive Awards shall only be counted as used to the extent they are actually issued and delivered
to a Participant (or such Participant&rsquo;s permitted transferees as described in the Plan) pursuant to the Plan. For purposes of clarification,
in accordance with the preceding sentence if Class A Shares are withheld to satisfy any tax withholding requirement in connection with
an Other Stock-Based Award only the shares issued (if any), net of the shares withheld, will be deemed delivered for purposes of determining
the number of Class A Shares that are available for delivery under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(b)</TD><TD STYLE="text-align: justify"><U>Prohibition on Substitutions and Repricings for Outstanding
Incentive Awards Under the Plan</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In no event shall any new
Incentive Awards be issued in substitution for outstanding Incentive Awards previously granted to Participants under the Plan, nor shall
any Option or SAR (i) be amended to decrease the exercise price thereof, (ii) be canceled at a time when its exercise price exceeds the
Fair Market Value of the underlying Class A Shares in exchange for another Incentive Award, award under any other equity-compensation
plan or any cash payment or (iii) be subject to any action that would be treated, for accounting purposes, as a &ldquo;repricing&rdquo;
of such Option or SAR, unless such amendment, cancelation or action is approved by the Company&rsquo;s shareholders. For the avoidance
of doubt, an adjustment to the exercise price of an Option or SAR that is made in accordance with Section 10 shall not be considered a
reduction in exercise price or &ldquo;repricing&rdquo; of such Option or SAR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(c)</TD><TD STYLE="text-align: justify"><U>Annual Limitation on Grants</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each independent Director
shall not receive equity awards (including any Incentive Awards issued under the Plan) with an aggregate value in excess of $250,000 in
any given fiscal year (based on grant date fair value determined in accordance with U.S. generally accepted accounting principles). Any
Incentive Awards (or any other equity awards) granted to an individual for his or her services as an employee, or for his or her services
as a consultant (other than as a Director), will not be subject to the annual limits set forth in this paragraph (c). Any such compensation
that is deferred will be counted toward the annual limits set forth in this paragraph (c) for the year in which it was first earned, and
not when paid or settled (if later).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD STYLE="text-align: justify"><U>Minimum Vesting Period of One (1) Year for All Incentive
Awards</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In no event shall any Incentive
Award granted under this Plan vest or otherwise become payable earlier than one (1) year following the date on which it is granted, other
than upon the occurrence of a Permitted Acceleration Event; <U>provided</U>, <U>however</U>, that, notwithstanding the foregoing, the
minimum vesting requirement of this paragraph (d) shall not apply to: (i) any Substitute Awards, (ii) any Incentive Awards delivered in
lieu of fully-vested cash awards or payments, (iii) any Incentive Awards to non-employee directors for which the vesting period runs from
the date of one annual meeting of the Company&rsquo;s shareholders to the next annual meeting of the Company&rsquo;s shareholders; <U>provided</U>
such vesting will occur no sooner than 50 weeks after the date of grant, or (iv) any other Incentive Awards granted by the Committee from
time to time that result in the issuance of an aggregate of up to five percent (5) % of the Class A Shares available for issuance under
paragraph (a) as of the effective date of the Plan; <U>provided</U> that, nothing in this paragraph (d) limits the ability of an Incentive
Award to provide that such minimum vesting restrictions may lapse or be waived upon a Participant&rsquo;s termination of service or death
or disability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(e)</TD><TD STYLE="text-align: justify"><U>Substitute Awards</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Incentive Awards may be granted
under the Plan in assumption of, or in substitution for, outstanding awards previously granted by the Company or a company acquired by
the Company or with which the Company combines (&ldquo;Substitute Awards&rdquo;); provided, however, that in no event may any Substitute
Award be granted in a manner that would violate the prohibitions on substituting and repricing of Incentive Awards set forth in Section
3(b). The number of Class A Shares underlying any Substitute Awards shall not be counted against the share reserve set forth in Section
3(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(f)</TD><TD STYLE="text-align: justify"><U>Effect of Change in Control</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any Incentive Award granted
under this Plan that is subject to time-based vesting terms and conditions shall not become fully and immediately vested and exercisable
solely as a result of the occurrence of a Change in Control, absent a termination of employment without cause or a resignation for good
reason following any such Change in Control. Any Incentive Award granted under this Plan that is subject to performance-based vesting
terms and conditions shall not become fully and immediately vested and exercisable solely as a result of the occurrence of a Change in
Control, absent a termination of employment without cause or a resignation for good reason following any such Change in Control and shall
be adjusted on a pro-rata basis as determined by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">4.</TD><TD STYLE="text-align: justify"><U>Administration of the Plan</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Plan shall be administered
by a Committee of the Board of Directors consisting of two or more persons, each of whom qualify as non-employee directors (within the
meaning of Rule 16b-3 promulgated under Section 16 of the Exchange Act). The Committee shall, consistent with the terms of the Plan, from
time to time designate those who shall be granted Incentive Awards under the Plan and the amount, type and other terms and conditions
of such Incentive Awards. All of the powers and responsibilities of the Committee under the Plan may be delegated by the Committee, in
writing, to any subcommittee thereof. In addition, the Committee may from time to time authorize (i) a committee consisting of one or
more members of the Board of Directors, (ii) a member of the Board of Directors, or (iii) an officer of the Company to grant Incentive
Awards to persons who are not &ldquo;executive officers&rdquo; of the Company (within the meaning of Rule 16a-1 under the Exchange Act),
subject to such restrictions and limitation as the Committee may specify. In addition, the Board of Directors may, consistent with the
terms of the Plan, from time to time grant Incentive Awards to Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Committee shall have full
discretionary authority to administer the Plan, including discretionary authority to interpret and construe any and all provisions of
the Plan and the terms of any Incentive Award (and any agreement evidencing any Incentive Award) granted thereunder and to adopt and amend
from time to time such rules and regulations for the administration of the Plan as the Committee may deem necessary or appropriate. Without
limiting the generality of the foregoing, (i) the Committee shall determine whether an authorized leave of absence, or absence in military
or government service, shall constitute termination of service and (ii) the services of a Participant with the Company shall be deemed
to have terminated for all purposes of the Plan if such person is employed by or provides services to a Person that is an Affiliate of
the Company and such Person ceases to be an Affiliate of the Company, unless the Committee determines otherwise. Decisions of the Committee
shall be final, binding and conclusive on all parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On or after the date of grant
of an Incentive Award under the Plan, the Committee may (i) extend the term of any such Incentive Award, including, without limitation,
extending the period following a termination of a Participant&rsquo;s service during which any such Incentive Award may remain outstanding,
(ii) waive any conditions to the exercisability or transferability, as the case may be, of any such Incentive Award or (iii) provide for
the payment of dividends or dividend equivalents with respect to any such Incentive Award that is not an Option or SAR, when and to the
extent such Incentive Award has vested (including satisfying any applicable performance-based vesting requirements).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No member of the Committee
shall be liable for any action, omission, or determination relating to the Plan, and the Company shall indemnify and hold harmless each
member of the Committee and each other director or employee of the Company to whom any duty or power relating to the administration or
interpretation of the Plan has been delegated against any cost or expense (including counsel fees) or liability (including any sum paid
in settlement of a claim with the approval of the Committee) arising out of any action, omission or determination relating to the Plan,
unless, in either case, such action, omission or determination was taken or made by such member, director or employee in bad faith and
without reasonable belief that it was in the best interests of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">5.</TD><TD STYLE="text-align: justify"><U>Eligibility</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Persons who shall be eligible
to receive Incentive Awards pursuant to the Plan shall be any director, officer, employee or consultant (including any prospective director,
officer, employee or consultant) of the Company or its Affiliates who is an &ldquo;employee&rdquo; within the meaning of Form S-8 under
the Exchange Act, as in effect from time to time. All Incentive Awards granted under the Plan shall be evidenced by a separate written
agreement entered into by the Company and the recipient of such Incentive Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">6.</TD><TD STYLE="text-align: justify"><U>Options</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Committee may from
time to time grant Options, subject to the following terms and conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD STYLE="text-align: justify"><U>Exercise Price</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The exercise price per Class
A Share covered by any Option shall be not less than 100% of the Fair Market Value of a Class A Share on the date on which such Option
is granted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(b)</TD><TD STYLE="text-align: justify"><U>Term and Exercise of Options</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Option shall become vested and exercisable on such date or dates, during such period and for such number of Class A Shares as shall be
determined by the Committee on or after the date such Option is granted; <U>provided</U>, <U>however</U> that no Option shall be exercisable
after the expiration of ten years from the date such Option is granted; <U>provided</U>, <U>further</U>, that other than as set forth
in Section&nbsp;3(e), no Option shall become exercisable earlier than one year after the date on which it is granted; and, <U>provided</U>,
<U>further</U>, that each Option shall be subject to earlier termination, expiration or cancellation as provided in the Plan or in the
agreement evidencing such Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Option may be exercised in whole or in part; <U>provided</U>, <U>however</U> that no partial exercise of an Option shall be for an aggregate
exercise price of less than $1,000. The partial exercise of an Option shall not cause the expiration, termination or cancellation of the
remaining portion thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
Option shall be exercised by such methods and procedures as the Committee determines from time to time, including without limitation through
net physical settlement or other method of cashless exercise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(c)</TD><TD STYLE="text-align: justify"><U>Effect of Termination of Service or other Relationship</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The agreement evidencing the
award of each Option shall specify the consequences with respect to such Option of the termination of the employment, service as a director
or other relationship between the Company and the Participant holding the Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">7.</TD><TD STYLE="text-align: justify"><U>Stock Appreciation Rights</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Committee may from time
to time grant SARs, subject to the following terms and conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD STYLE="text-align: justify"><U>Stand-Alone and Tandem; Cash and Stock-Settled</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">SARs may be granted on a stand-alone
basis or in tandem with an Option. Tandem SARs may be granted contemporaneously with or after the grant of the Options to which they relate.
SARs may be settled in Class A Shares or in cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(b)</TD><TD STYLE="text-align: justify"><U>Exercise Price</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The exercise price per Class
A Share covered by any SAR shall be not less than 100% of the Fair Market Value of a Class A Share on the date on which such SAR is granted;
<U>provided</U>, <U>however</U> that the exercise price of an SAR that is tandem to an Option and that is granted after the grant of such
Option may have an exercise price less than 100% of the Fair Market Value of a Class A Share on the date on which such SAR is granted
provided that such exercise price is at least equal to the exercise price of the related Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(c)</TD><TD STYLE="text-align: justify"><U>Benefit Upon Exercise</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The exercise of an SAR with
respect to any number of Class A Shares shall entitle the Participant to (i) a cash payment, for each such share, equal to the excess
of (A) the Fair Market Value of a Class A Share on the effective date of such exercise over (B) the per share exercise price of the SAR,
(ii) the issuance or transfer to the Participant of the greatest number of whole Class A Shares which on the date of the exercise of the
SAR have an aggregate Fair Market Value equal to such excess or (iii) a combination of cash and Class A Shares in amounts equal to such
excess, as determined by the Committee. Such payment, transfer or issuance shall occur as soon as practical, but in no event later than
five business days, after the effective date of exercise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD STYLE="text-align: justify"><U>Term and Exercise of SARs</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
SAR shall become vested and exercisable on such date or dates, during such period and for such number of Class A Shares as shall be determined
by the Committee on or after the date such SAR is granted; <U>provided</U>, <U>however</U> that no SAR shall be exercisable after the
expiration of ten years from the date such SAR is granted; <U>provided</U>, <U>further</U>, that other than as set forth in Section&nbsp;3(e),
no SAR shall become exercisable earlier than one year after the date on which it is granted; and, <U>provided</U>, <U>further</U>, that
each SAR shall be subject to earlier termination, expiration or cancellation as provided in the Plan or in the agreement evidencing such
SAR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
SAR may, to the extent vested and exercisable, be exercised in whole or in part; <U>provided</U>, <U>however</U> that no partial exercise
of an SAR shall be for an aggregate exercise price of less than $1,000. The partial exercise of an SAR shall not cause the expiration,
termination or cancellation of the remaining portion thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
SAR shall be exercised by such methods and procedures as the Committee determines from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
exercise with respect to a number of Class A Shares of an SAR granted in tandem with an Option shall cause the immediate cancellation
of the Option with respect to the same number of shares. The exercise with respect to a number of Class A Shares of an Option to which
a tandem SAR relates shall cause the immediate cancellation of the SAR with respect to an equal number of shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(e)</TD><TD STYLE="text-align: justify"><U>Effect of Termination of Service or other Relationship</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The agreement evidencing the
award of each SAR shall specify the consequences with respect to such SAR of the termination of the employment, service as a director
or other relationship between the Company and Participant holding the SAR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">8.</TD><TD STYLE="text-align: justify"><U>Restricted Stock Awards and Other Stock-Based Awards</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Committee may grant equity-based
or equity-related awards not otherwise described herein in such amounts and subject to such terms and conditions as the Committee shall
determine. Without limiting the generality of the preceding sentence, each such Other Stock-Based Award may (a) involve the transfer of
actual Class A Shares to Participants, either at the time of grant or thereafter, or payment in cash or otherwise of amounts based on
the value of Class A Shares, (b) be subject to performance-based and/or service-based conditions, (c) be in the form of phantom stock,
restricted stock, restricted stock units, performance shares, or share-denominated performance units and (d) be designed to comply with
applicable laws of jurisdictions other than the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">9.</TD><TD STYLE="text-align: justify"><U>Performance Measures</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The payment or vesting of
any Incentive Award to a Participant may relate to performance goals, including but not limited to one or more of the following Performance
Measures: revenue growth, achievement of EBITDA targets, operating income, operating cash flow, net income, earnings per share, cash earnings
per share, return on sales, return on assets, return on equity, return on invested capital and total shareholder return.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The measurement of any Performance
Measure(s) may exclude the impact of charges for restructurings, discontinued operations, extraordinary items, and other unusual or non-recurring
items, and the cumulative effects of accounting changes, each as defined by generally accepted accounting principles and as identified
in the Company&rsquo;s audited financial statements, including the notes thereto. Any Performance Measure(s) may be used to measure the
performance of the Company or an Affiliate as a whole or any business unit of the Company or any Affiliate or any combination thereof,
as the Committee may deem appropriate, or any of the above Performance Measures as compared to the performance of a group of comparator
companies, or a published or special index that the Committee, in its sole discretion, deems appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">10.</TD><TD STYLE="text-align: justify"><U>Adjustment Upon Changes in Class A Shares</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD STYLE="text-align: justify"><U>Shares Available for Grants</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the event of any change
in the number of Class A Shares outstanding by reason of any stock dividend or split, recapitalization, merger, consolidation, combination
or exchange of shares or similar corporate change, the maximum aggregate number of Class A Shares with respect to which the Committee
may grant Incentive Awards and the maximum aggregate number of Class A Shares with respect to which the Committee may grant Incentive
Awards to any individual Participant in any year shall be appropriately adjusted by the Committee. In the event of any change in the number
of Class A Shares outstanding by reason of any other similar event or transaction, the Committee may, but need not, make such adjustments
in the number and class of Class A Shares with respect to which Incentive Awards may be granted as the Committee may deem appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(b)</TD><TD STYLE="text-align: justify"><U>Increase or Decrease in Issued Shares Without Consideration</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subject to any required action
by the shareholders of the Company, in the event of any increase or decrease in the number of issued Class A Shares resulting from a subdivision
or consolidation of Class A Shares or the payment of a stock dividend (but only on the Class A Shares), or any other increase or decrease
in the number of such shares effected without receipt or payment of consideration by the Company, the Committee shall proportionally adjust
the number of Class A Shares subject to each outstanding Incentive Award and the exercise price per Class A Share of each such Incentive
Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(c)</TD><TD STYLE="text-align: justify"><U>Certain Mergers</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subject to any required action
by the shareholders of the Company, in the event that the Company shall be the surviving corporation in any merger or consolidation (except
a merger or consolidation as a result of which the holders of Class A Shares receive securities of another corporation), each Incentive
Award outstanding on the date of such merger or consolidation shall pertain to and apply to the securities which a holder of the number
of Class A Shares subject to such Incentive Award would have received in such merger or consolidation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD STYLE="text-align: justify"><U>Certain Other Transactions</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the event of (i) a dissolution
or liquidation of the Company, (ii) a sale of all or substantially all of the Company&rsquo;s assets, (iii) a merger or consolidation
involving the Company in which the Company is not the surviving corporation or (iv) a merger or consolidation involving the Company in
which the Company is the surviving corporation but the holders of Class A Shares receive securities of another corporation and/or other
property, including cash, the Committee shall, in its absolute discretion, have the power to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cancel,
effective immediately prior to the occurrence of such event, each Incentive Award (whether or not then exercisable), and, in full consideration
of such cancellation, pay to the Participant to whom such Incentive Award was granted an amount in cash, for each Class A Share subject
to such Incentive Award equal to the value, as determined by the Committee in its reasonable discretion, of such Incentive Award, provided
that with respect to any outstanding Option or SAR such value shall be equal to the excess of (A) the value, as determined by the Committee
in its reasonable discretion, of the property (including cash) received by the holder of Class A Shares as a result of such event over
(B) the exercise price of such Option or SAR, <U>provided</U>&cedil; that each outstanding Option or SAR with an exercise price that is
equal to or greater than the value, as determined by the Committee in its reasonable discretion, of the property (including cash) received
by the holder of Class A Shares as a result of such event may be cancelled for no consideration; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;provide
for the exchange of each Incentive Award (whether or not then exercisable or vested) for an incentive award with respect to, as appropriate,
some or all of the property which a holder of the number of Class A Shares subject to such Incentive Award would have received in such
transaction and, incident thereto, make an equitable adjustment as determined by the Committee in its reasonable discretion in the exercise
price of the incentive award, or the number of shares subject to the incentive award or, if appropriate, provide for a cash payment to
the Participant to whom such Incentive Award was granted in partial consideration for the exchange of the Incentive Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(e)</TD><TD STYLE="text-align: justify"><U>Other Changes</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the event of any change
in the capitalization of the Company or corporate change other than those specifically referred to in paragraphs (b), (c) or (d), the
Committee may, in its absolute discretion, make such adjustments in the number and class of shares subject to Incentive Awards outstanding
on the date on which such change occurs and in such other terms of such Incentive Awards as the Committee may consider appropriate to
prevent dilution or enlargement of rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(f)</TD><TD STYLE="text-align: justify"><U>No Other Rights</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except as expressly provided
in the Plan, no Participant shall have any rights by reason of any subdivision or consolidation of shares of stock of any class, the payment
of any dividend, any increase or decrease in the number of shares of stock of any class or any dissolution, liquidation, merger or consolidation
of the Company or any other corporation. Except as expressly provided in the Plan, no issuance by the Company of shares of stock of any
class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with
respect to, the number of Class A Shares subject to any Incentive Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">11.</TD><TD STYLE="text-align: justify"><U>Rights as a Shareholder</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No person shall have any rights
as a shareholder with respect to any Class A Shares covered by or relating to any Incentive Award granted pursuant to the Plan until the
date of the issuance of a stock certificate with respect to such shares. Except as otherwise expressly provided in Section 10 hereof,
no adjustment of any Incentive Award shall be made for dividends or other rights for which the record date occurs prior to the date such
stock certificate is issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In no circumstances shall
a cash dividend be paid in respect of unvested Incentive Awards. Cash dividends, if any, may be deferred at the discretion of the Committee
until the vesting date for any Incentive Award and distributed only to the extent Class A Shares underlying such Incentive Award ultimately
vest. Upon the forfeiture of any Incentive Award that does not vest, deferred dividends (if any) shall be forfeited back to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">12.</TD><TD STYLE="text-align: justify"><U>No Special Employment Rights; No Right to Incentive Award</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nothing
contained in the Plan or any Incentive Award shall confer upon any Participant any right with respect to the continuation of his/her employment
by or service to the Company or interfere in any way with the right of the Company at any time to terminate such employment or service
or to increase or decrease the compensation of the Participant from the rate in existence at the time of the grant of an Incentive Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
person shall have any claim or right to receive an Incentive Award hereunder. The Committee&rsquo;s granting of an Incentive Award to
a Participant at any time shall neither require the Committee to grant an Incentive Award to such Participant or any other Participant
or other person at any time nor preclude the Committee from making subsequent grants to such Participant or any other Participant or other
person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">13.</TD><TD STYLE="text-align: justify"><U>Securities Matters</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall be under no obligation to effect the registration pursuant to the Securities Act of any Class A Shares to be issued hereunder
or to effect similar compliance under any state laws. Notwithstanding anything herein to the contrary, the Company shall not be obligated
to cause to be issued or delivered any certificates evidencing Class A Shares pursuant to the Plan unless and until the Company is advised
by its counsel that the issuance and delivery of such certificates is in compliance with all applicable laws, regulations of governmental
authority and the requirements of any securities exchange on which Class A Shares are traded and that the Participant has delivered all
notices and documents required to be delivered to the Company in connection therewith. The Committee may require, as a condition to the
issuance and delivery of certificates evidencing Class A Shares pursuant to the terms hereof, that the recipient of such shares make such
covenants, agreements and representations, and that such certificates bear such legends, as the Committee deems necessary or desirable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
exercise of any Option granted hereunder shall only be effective at such time as counsel to the Company shall have determined that the
issuance and delivery of Class A Shares pursuant to such exercise is in compliance with all applicable laws, regulations of governmental
authority and the requirements of any securities exchange on which Class A Shares are traded. The Company may, in its sole discretion,
defer the effectiveness of an exercise of an Option hereunder or the issuance or transfer of Class A Shares pursuant to any Incentive
Award pending or to ensure compliance under federal or state securities laws. The Company shall inform the Participant in writing of its
decision to defer the effectiveness of the exercise of an Option or the issuance or transfer of Class A Shares pursuant to any Incentive
Award. During the period that the effectiveness of the exercise of an Option has been deferred, the Participant may, by written notice,
withdraw such exercise and obtain the refund of any amount paid with respect thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">14.</TD><TD STYLE="text-align: justify"><U>Withholding Taxes</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD STYLE="text-align: justify"><U>Cash Remittance</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Whenever Class A Shares are
to be issued upon the exercise of an Option or the grant or vesting of an Incentive Award, the Company shall have the right to require
the Participant to remit to the Company in cash an amount sufficient to satisfy federal, state and local withholding tax requirements,
if any, attributable to such exercise, grant or vesting prior to the delivery of any certificate or certificates for such shares or the
effectiveness of the lapse of such restrictions. In addition, upon the exercise or settlement of any Incentive Award in cash, the Company
shall have the right to withhold from any cash payment required to be made pursuant thereto an amount sufficient to satisfy the federal,
state and local withholding tax requirements, if any, attributable to such exercise or settlement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(b)</TD><TD STYLE="text-align: justify"><U>Stock Remittance</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the election of the Participant,
subject to the approval of the Committee, when Class A Shares are to be issued upon the exercise, grant or vesting of an Incentive Award,
the Participant may tender to the Company a number of Class A Shares that have been owned by the Participant for such period as the Committee
may determine having a Fair Market Value at the tender date determined by the Committee to be sufficient to satisfy the federal, state
and local withholding tax requirements, if any, attributable to such exercise, grant or vesting but not greater than such withholding
obligations. Such election shall satisfy the Participant&rsquo;s obligations under Section 14(a) hereof, if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(c)</TD><TD STYLE="text-align: justify"><U>Stock Withholding</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the election of the Participant,
subject to the approval of the Committee, when Class A Shares are to be issued upon the exercise, grant or vesting of an Incentive Award,
the Company shall withhold a number of such shares having a Fair Market Value at the exercise date determined by the Committee to be sufficient
to satisfy the federal, state and local withholding tax requirements, if any, attributable to such exercise, grant or vesting but not
greater than such withholding obligations. Such election shall satisfy the Participant&rsquo;s obligations under Section 14(a) hereof,
if any; provided that, in the event Class A Shares are withheld in connection with the vesting of an Award of restricted stock, such withheld
Class A Shares shall be immediately cancelled by the Company and shall not constitute treasury Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD STYLE="text-align: justify"><U>Broker-Assisted Sales</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the election of the Participant,
subject to the approval of the Committee, when Class A Shares are to be issued upon the exercise, grant or vesting of an Incentive Award,
the Participant may place a market sell order with a broker acceptable to the Company with respect to a number of such Class A Shares
having a Fair Market Value at the exercise date sufficient to satisfy the federal, state and local withholding tax requirements, if any,
attributable to such exercise, grant or vesting. Provided that the Participant delivers a written or electronic notice of such order to
the Company and the payment of such proceeds is made to the Company upon settlement of such sale, such election shall satisfy the Participant&rsquo;s
obligations under Section&nbsp;14(a) hereof, if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">15.</TD><TD STYLE="text-align: justify"><U>Amendment or Termination of the Plan</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Board of Directors may
at any time suspend or discontinue the Plan or revise or amend it in any respect whatsoever; <U>provided</U>, <U>however</U>, that without
approval of the shareholders no revision or amendment shall except as provided in Section 10 hereof, (i) increase the number of Class
A Shares that may be issued under the Plan, (ii) expand the class of employees or other individuals eligible to participate in the Plan,
(iii) increase the annual limitation on grants to Directors (except for increases pursuant to Section 10), (iv) extend the expiration
date of the Plan, or (v) result in any amendment, cancellation or action described in Section 3(b) being permitted without the approval
of the Company&rsquo;s shareholders. Nothing herein shall restrict the Committee&rsquo;s ability to exercise its discretionary authority
hereunder pursuant to Section 4 hereof, which discretion may be exercised without amendment to the Plan. No action hereunder may, without
the consent of a Participant, reduce the Participant&rsquo;s rights under any previously granted and outstanding Incentive Award. Nothing
herein shall limit the right of the Company to pay compensation of any kind outside the terms of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">16.</TD><TD STYLE="text-align: justify"><U>No Obligation to Exercise</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The grant to a Participant
of an Option or SAR shall impose no obligation upon such Participant to exercise such Option or SAR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">17.</TD><TD STYLE="text-align: justify"><U>Transferability of Incentive Awards</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD STYLE="text-align: justify">Except as otherwise provided in paragraphs (b) and (c):</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Incentive Award under the Plan may be sold, pledged, assigned or transferred in any manner other than (A) by will or the laws of descent
and distribution or (B) subject to the consent of the Committee, pursuant to a domestic relations order, unless and until such Incentive
Award has been exercised or the Class A Shares underlying such Incentive Award have been issued, and all restrictions applicable to such
Class A Shares have lapsed;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Incentive Award or interest or right therein shall be liable for or otherwise subject to the debts, contracts or engagements of the Participant
or the Participant&rsquo;s successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation,
encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy,
attachment, garnishment or any other legal or equitable proceedings (including bankruptcy) unless and until such Incentive Award has been
exercised, or the Class A Shares underlying such Incentive Award have been issued, and all restrictions applicable to such Class A Shares
have lapsed, and any attempted disposition of an Incentive Award prior to satisfaction of these conditions shall be null and void and
of no effect, except to the extent that such disposition is permitted by paragraph (a)(i); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the lifetime of the Participant, only the Participant may exercise any exercisable portion of an Incentive Award granted to such Participant
under the Plan, unless it has been disposed of pursuant to a domestic relations order. After the death of the Participant, any exercisable
portion of an Incentive Award may, prior to the time when such portion becomes unexercisable under the Plan or the or award agreement,
be exercised by the Participant&rsquo;s personal representative or by any person empowered to do so under the deceased Participant&rsquo;s
will or under the then-applicable laws of descent and distribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
paragraph (a) (i), the Committee, in its sole discretion, may determine to permit a Participant or an Allowed Transferee of the Participant
to transfer an Incentive Award to any one or more Allowed Transferees of such Participant, subject to the following terms and conditions:
(i) an Incentive Award transferred to an Allowed Transferee shall not be assignable or transferable by the Allowed Transferee other than
(A) to another Allowed Transferee of the applicable Participant or (B) by will or the laws of descent and distribution or, subject to
the consent of the Committee, pursuant to a domestic relations order; (ii) an Incentive Award transferred to an Allowed Transferee shall
continue to be subject to all the terms and conditions of the Incentive Award as applicable to the original Participant (other than the
ability to further transfer the Incentive Award to any person other than another Allowed Transferee); (iii) the Participant (or transferring
Allowed Transferee) and the receiving Allowed Transferee shall execute any and all documents requested by the Committee, including, without
limitation documents to (A) confirm the status of the Allowed Transferee as a &ldquo;family member&rdquo; of the Participant, (B) satisfy
any requirements for an exemption for the transfer under applicable law and (C) evidence the transfer; and (iv)&nbsp;any transfer of an
Incentive Award to an Allowed Transferee shall be without consideration, except as required by applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
paragraph (a), a Participant may, in the manner determined by the Committee, designate a beneficiary to exercise the rights of the Participant
and to receive any distribution with respect to any Incentive Award upon the Participant&rsquo;s death. A beneficiary, legal guardian,
legal representative, or other person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan or any
award agreement applicable to the Participant and any additional restrictions deemed necessary or appropriate by the Committee. If the
Participant is married or a domestic partner in a domestic partnership qualified under applicable law and resides in a community property
state, a designation of a person other than the Participant&rsquo;s spouse or domestic partner, as applicable, as the Participant&rsquo;s
beneficiary with respect to more than 50% of the Participant&rsquo;s interest in the Incentive Award shall not be effective without the
prior written or electronic consent of the Participant&rsquo;s spouse or domestic partner. If no beneficiary has been designated or survives
the Participant, payment shall be made to the person entitled thereto pursuant to the Participant&rsquo;s will or the laws of descent
and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by a Participant at any time; provided
that the change or revocation is delivered in writing to the Administrator prior to the Participant&rsquo;s death.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">18.</TD><TD STYLE="text-align: justify"><U>Section 409A</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">To the extent that the Committee
determines that any Incentive Award granted under the Plan is subject to Section 409A, the Plan and the award agreement evidencing such
Incentive Award shall incorporate the terms and conditions required by Section 409A. In that regard, to the extent any Incentive Award
under the Plan or any other compensatory plan or arrangement of the Company or any of its Affiliates is subject to Section 409A, and such
Incentive Award or other amount is payable on account of a Participant&rsquo;s termination of service, then (a) such Incentive Award or
amount shall only be paid to the extent such termination of service qualifies as a &ldquo;separation from service&rdquo; as defined in
Section 409A, and (b) if such Incentive Award or amount is payable to a &ldquo;specified employee&rdquo; as defined in Section 409A then
to the extent required in order to avoid a prohibited distribution under Section 409A, such Incentive Award or other compensatory payment
shall not be payable prior to the earlier of (i) the expiration of the six-month period measured from the date of the Participant&rsquo;s
termination of service, or (ii) the date of the Participant&rsquo;s death. To the extent applicable, the Plan and any award agreements
shall be interpreted in accordance with Section 409A. Notwithstanding any provision of the Plan to the contrary, in the event that following
the date the Plan is adopted by the Board of Directors the Committee determines that any Incentive Award may be subject to Section 409A,
the Committee may (but is not obligated to), without a Participant&rsquo;s consent, adopt such amendments to the Plan and the applicable
award agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take
any other actions, that the Committee determines are necessary or appropriate to (A) exempt the Incentive Award from Section 409A and/or
preserve the intended tax treatment of the benefits provided with respect to the Incentive Award, or (B) comply with the requirements
of Section 409A and thereby avoid the application of any penalty taxes under Section 409A. The Company makes no representations or warranties
as to the tax treatment of any Incentive Award under Section 409A or otherwise. The Company shall have no obligation under this Section&nbsp;18
or otherwise to take any action (whether or not described herein) to avoid the imposition of taxes, penalties or interest under Section
409A with respect to any Incentive Award and shall have no liability to any Participant or any other person if any Incentive Award, compensation
or other benefits under the Plan are determined to constitute non-compliant, &ldquo;nonqualified deferred compensation&rdquo; subject
to the imposition of taxes, penalties and/or interest under Section 409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">19.</TD><TD STYLE="text-align: justify"><U>Expenses and Receipts</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The expenses of the Plan shall
be paid by the Company. Any proceeds received by the Company in connection with any Incentive Award will be used for general corporate
purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">20.</TD><TD STYLE="text-align: justify"><U>Governing Law</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Plan and the rights of
all persons under the Plan shall be construed and administered in accordance with the laws of the State of Delaware, without regard to
its conflict of law principles.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">21.</TD><TD STYLE="text-align: justify"><U>Effective Date and Term of Plan</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Prior 2016 Plan was amended
and restated on April 23, 2025 in the form herein following approval by the Board of Directors, subject to approval by the Company&rsquo;s
shareholders. No grants may be made under the Plan after April 23, 2035.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Plan, as amended and restated
on April 23, 2025, shall be submitted for the approval of the Company&rsquo;s shareholders no later than April 23, 2026. Incentive Awards
may be granted or awarded following April 23, 2025 and prior to such shareholder approval; provided that such Incentive Awards shall not
be exercisable, shall not vest and the restrictions thereon shall not lapse and no Class A Shares shall be issued pursuant thereto prior
to the time when the Plan is approved by the Company&rsquo;s shareholders; and provided, further, that if such approval has not been obtained
by April 23, 2026 all Incentive Awards previously granted or awarded under the Plan following April 23, 2025 or otherwise if the terms
of such Incentive Awards provide that the grant or exercise of the award is subject to shareholder approval shall thereupon be canceled
and become null and void.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If the Plan, as hereby amended
and restated, is not approved by the Company's shareholders, (i) no Awards shall be granted under the Plan as amended and restated on
April 23, 2025, and (ii) the Plan as in effect on June 14, 2022 will continue in full force and effect in accordance with its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 13; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>stgw-20250612.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 6.0b -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: +aA5w7xRiXgen8uLa3ZcWaaKGbOdzZR+aYkxtmB2bZnKvygp8QBeSinoW/bmUSwL -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2025" xmlns:us-gaap="http://fasb.org/us-gaap/2025" xmlns:srt="http://fasb.org/srt/2025" xmlns:srt-types="http://fasb.org/srt-types/2025" xmlns:STGW="http://mdc-partners.com/20250612" elementFormDefault="qualified" targetNamespace="http://mdc-partners.com/20250612">
    <annotation>
      <appinfo>
        <link:roleType roleURI="http://mdc-partners.com/role/Cover" id="Cover">
          <link:definition>00000001 - Document - Cover</link:definition>
          <link:usedOn>link:presentationLink</link:usedOn>
          <link:usedOn>link:calculationLink</link:usedOn>
          <link:usedOn>link:definitionLink</link:usedOn>
        </link:roleType>
        <link:linkbaseRef xlink:type="simple" xlink:href="stgw-20250612_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
        <link:linkbaseRef xlink:type="simple" xlink:href="stgw-20250612_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd" />
    <import namespace="http://fasb.org/us-gaap/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd" />
    <import namespace="http://fasb.org/us-types/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-types-2025.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2022-03-31" schemaLocation="https://www.xbrl.org/dtr/type/2022-03-31/types.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2025" schemaLocation="https://xbrl.sec.gov/country/2025/country-2025.xsd" />
    <import namespace="http://fasb.org/srt/2025" schemaLocation="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd" />
    <import namespace="http://fasb.org/srt-types/2025" schemaLocation="https://xbrl.fasb.org/srt/2025/elts/srt-types-2025.xsd" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>4
<FILENAME>stgw-20250612_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 6.0b -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract" xlink:label="dei_CoverAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CoverAbstract_lbl" xml:lang="en-US">Cover [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Elected Not To Use the Extended Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_OtherReportingStandardItemNumber" xlink:label="dei_OtherReportingStandardItemNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US">Other Reporting Standard Item Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityBankruptcyProceedingsReportingCurrent" xlink:to="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xml:lang="en-US">Entity Bankruptcy Proceedings, Reporting Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentsIncorporatedByReferenceTextBlock" xlink:to="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xml:lang="en-US">Documents Incorporated by Reference [Text Block]</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>5
<FILENAME>stgw-20250612_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 6.0b -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://mdc-partners.com/role/Cover" xlink:href="stgw-20250612.xsd#Cover" xlink:type="simple" />
    <link:presentationLink xlink:type="extended" xlink:role="http://mdc-partners.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract" xlink:label="loc_deiCoverAbstract" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentType" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAmendmentFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAmendmentDescription" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentRegistrationStatement" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentAnnualReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentQuarterlyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentTransitionReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentShellCompanyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentShellCompanyEventDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentPeriodStartDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentPeriodEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentFiscalPeriodFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentFiscalYearFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiCurrentFiscalYearEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityFileNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityRegistrantName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityCentralIndexKey" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityPrimarySicNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityTaxIdentificationNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityIncorporationStateCountryCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressAddressLine1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2" />
      <link:presentationArc order="210" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressAddressLine2" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressAddressLine3" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressCityOrTown" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince" />
      <link:presentationArc order="240" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressStateOrProvince" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressCountry" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode" />
      <link:presentationArc order="260" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressPostalZipCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiCountryRegion" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode" />
      <link:presentationArc order="280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiCityAreaCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber" />
      <link:presentationArc order="290" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiLocalPhoneNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Extension" xlink:label="loc_deiExtension" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiExtension" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications" />
      <link:presentationArc order="310" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiWrittenCommunications" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial" />
      <link:presentationArc order="320" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSolicitingMaterial" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer" />
      <link:presentationArc order="330" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiPreCommencementTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiPreCommencementIssuerTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle" />
      <link:presentationArc order="350" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurity12bTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag" />
      <link:presentationArc order="360" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiNoTradingSymbolFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol" />
      <link:presentationArc order="370" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiTradingSymbol" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName" />
      <link:presentationArc order="380" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurityExchangeName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle" />
      <link:presentationArc order="390" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurity12gTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation" />
      <link:presentationArc order="400" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurityReportingObligation" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm" />
      <link:presentationArc order="410" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAnnualInformationForm" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements" />
      <link:presentationArc order="420" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAuditedAnnualFinancialStatements" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer" />
      <link:presentationArc order="430" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityWellKnownSeasonedIssuer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers" />
      <link:presentationArc order="440" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityVoluntaryFilers" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus" />
      <link:presentationArc order="450" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityCurrentReportingStatus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent" />
      <link:presentationArc order="460" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityInteractiveDataCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory" />
      <link:presentationArc order="470" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityFilerCategory" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness" />
      <link:presentationArc order="480" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntitySmallBusiness" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany" />
      <link:presentationArc order="490" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityEmergingGrowthCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod" />
      <link:presentationArc order="500" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityExTransitionPeriod" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard" />
      <link:presentationArc order="510" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentAccountingStandard" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber" />
      <link:presentationArc order="520" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiOtherReportingStandardItemNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany" />
      <link:presentationArc order="530" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityShellCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat" />
      <link:presentationArc order="540" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityPublicFloat" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent" />
      <link:presentationArc order="550" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding" />
      <link:presentationArc order="560" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityCommonStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock" />
      <link:presentationArc order="570" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock" xlink:type="arc" />
    </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>7
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.25.2</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Jun. 12, 2025</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Jun. 12,  2025<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-13718<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">STAGWELL INC.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000876883<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">86-1390679<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">One
World Trade Center<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Floor 65<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">New
York<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">NY<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">10007<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">646<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">429-1800<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Class
    A Common Stock, $0.001 par value<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">STGW<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14a<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
.report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

.report table.authRefData a {
	display: block;
	font-weight: bold;
}

.report table.authRefData p {
	margin-top: 0px;
}

.report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

.report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

.report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

.report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
.pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
.report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

.report hr {
	border: 1px solid #acf;
}

/* Top labels */
.report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

.report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

.report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

.report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

.report td.pl div.a {
	width: 200px;
}

.report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
.report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
.report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
.report .re, .report .reu {
	background-color: #def;
}

.report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
.report .ro, .report .rou {
	background-color: white;
}

.report .rou td {
	border-bottom: 1px solid black;
}

.report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
.report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
.report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

.report .nump {
	padding-left: 2em;
}

.report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
.report .text {
	text-align: left;
	white-space: normal;
}

.report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

.report .text .more {
	display: none;
}

.report .text .note {
	font-style: italic;
	font-weight: bold;
}

.report .text .small {
	width: 10em;
}

.report sup {
	font-style: italic;
}

.report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.25.2</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>23</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>3</UnitCount>
  <MyReports>
    <Report instance="tm2518230d1_8k.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>00000001 - Document - Cover</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mdc-partners.com/role/Cover</Role>
      <ShortName>Cover</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File>stgw-20250612.xsd</File>
    <File>stgw-20250612_lab.xml</File>
    <File>stgw-20250612_pre.xml</File>
    <File doctype="8-K" isOnlyDei="true" isUsgaap="true" original="tm2518230d1_8k.htm">tm2518230d1_8k.htm</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="23">http://xbrl.sec.gov/dei/2025</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>13
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "version": "2.2",
 "instance": {
  "tm2518230d1_8k.htm": {
   "nsprefix": "STGW",
   "nsuri": "http://mdc-partners.com/20250612",
   "dts": {
    "schema": {
     "local": [
      "stgw-20250612.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd",
      "https://www.xbrl.org/dtr/type/2024-01-31/types.xsd",
      "https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd",
      "https://xbrl.fasb.org/srt/2025/elts/srt-roles-2025.xsd",
      "https://xbrl.fasb.org/srt/2025/elts/srt-types-2025.xsd",
      "https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd",
      "https://xbrl.fasb.org/us-gaap/2025/elts/us-roles-2025.xsd",
      "https://xbrl.fasb.org/us-gaap/2025/elts/us-types-2025.xsd",
      "https://xbrl.sec.gov/country/2025/country-2025.xsd",
      "https://xbrl.sec.gov/dei/2025/dei-2025.xsd",
      "https://xbrl.sec.gov/stpr/2025/stpr-2025.xsd"
     ]
    },
    "labelLink": {
     "local": [
      "stgw-20250612_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "stgw-20250612_pre.xml"
     ]
    },
    "inline": {
     "local": [
      "tm2518230d1_8k.htm"
     ]
    }
   },
   "keyStandard": 23,
   "keyCustom": 0,
   "axisStandard": 0,
   "axisCustom": 0,
   "memberStandard": 0,
   "memberCustom": 0,
   "hidden": {
    "total": 2,
    "http://xbrl.sec.gov/dei/2025": 2
   },
   "contextCount": 1,
   "entityCount": 1,
   "segmentCount": 0,
   "elementCount": 59,
   "unitCount": 3,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2025": 23
   },
   "report": {
    "R1": {
     "role": "http://mdc-partners.com/role/Cover",
     "longName": "00000001 - Document - Cover",
     "shortName": "Cover",
     "isDefault": "true",
     "groupType": "document",
     "subGroupType": "",
     "menuCat": "Cover",
     "order": "1",
     "firstAnchor": {
      "contextRef": "AsOf2025-06-12",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "tm2518230d1_8k.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "AsOf2025-06-12",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "tm2518230d1_8k.htm",
      "first": true,
      "unique": true
     }
    }
   },
   "tag": {
    "dei_AmendmentDescription": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AmendmentDescription",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Description",
        "documentation": "Description of changes contained within amended document."
       }
      }
     },
     "auth_ref": []
    },
    "dei_AmendmentFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AmendmentFlag",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Flag",
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission."
       }
      }
     },
     "auth_ref": []
    },
    "dei_AnnualInformationForm": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AnnualInformationForm",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Annual Information Form",
        "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "dei_AuditedAnnualFinancialStatements": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AuditedAnnualFinancialStatements",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Audited Annual Financial Statements",
        "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "dei_CityAreaCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "CityAreaCode",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "City Area Code",
        "documentation": "Area code of city"
       }
      }
     },
     "auth_ref": []
    },
    "dei_CountryRegion": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "CountryRegion",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Country Region",
        "documentation": "Region code of country"
       }
      }
     },
     "auth_ref": []
    },
    "dei_CoverAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "CoverAbstract",
     "lang": {
      "en-us": {
       "role": {
        "label": "Cover [Abstract]",
        "documentation": "Cover page."
       }
      }
     },
     "auth_ref": []
    },
    "dei_CurrentFiscalYearEndDate": {
     "xbrltype": "gMonthDayItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "CurrentFiscalYearEndDate",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Current Fiscal Year End Date",
        "documentation": "End date of current fiscal year in the format --MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentAccountingStandard": {
     "xbrltype": "accountingStandardItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentAccountingStandard",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Accounting Standard",
        "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "dei_DocumentAnnualReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentAnnualReport",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Annual Report",
        "documentation": "Boolean flag that is true only for a form used as an annual report."
       }
      }
     },
     "auth_ref": [
      "r11",
      "r13",
      "r14"
     ]
    },
    "dei_DocumentFiscalPeriodFocus": {
     "xbrltype": "fiscalPeriodItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentFiscalPeriodFocus",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Fiscal Period Focus",
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentFiscalYearFocus": {
     "xbrltype": "gYearItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentFiscalYearFocus",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Fiscal Year Focus",
        "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentPeriodEndDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentPeriodEndDate",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Period End Date",
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentPeriodStartDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentPeriodStartDate",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Period Start Date",
        "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentQuarterlyReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentQuarterlyReport",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Quarterly Report",
        "documentation": "Boolean flag that is true only for a form used as an quarterly report."
       }
      }
     },
     "auth_ref": [
      "r12"
     ]
    },
    "dei_DocumentRegistrationStatement": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentRegistrationStatement",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Registration Statement",
        "documentation": "Boolean flag that is true only for a form used as a registration statement."
       }
      }
     },
     "auth_ref": [
      "r0"
     ]
    },
    "dei_DocumentShellCompanyEventDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentShellCompanyEventDate",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Shell Company Event Date",
        "documentation": "Date of event requiring a shell company report."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "dei_DocumentShellCompanyReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentShellCompanyReport",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Shell Company Report",
        "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "dei_DocumentTransitionReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentTransitionReport",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Transition Report",
        "documentation": "Boolean flag that is true only for a form used as a transition report."
       }
      }
     },
     "auth_ref": [
      "r15"
     ]
    },
    "dei_DocumentType": {
     "xbrltype": "submissionTypeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentType",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Type",
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentsIncorporatedByReferenceTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentsIncorporatedByReferenceTextBlock",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Documents Incorporated by Reference [Text Block]",
        "documentation": "Documents incorporated by reference."
       }
      }
     },
     "auth_ref": [
      "r3"
     ]
    },
    "dei_EntityAddressAddressLine1": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressAddressLine1",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line One",
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine2": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressAddressLine2",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line Two",
        "documentation": "Address Line 2 such as Street or Suite number"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine3": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressAddressLine3",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line Three",
        "documentation": "Address Line 3 such as an Office Park"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressCityOrTown": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressCityOrTown",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, City or Town",
        "documentation": "Name of the City or Town"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressCountry": {
     "xbrltype": "countryCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressCountry",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Country",
        "documentation": "ISO 3166-1 alpha-2 country code."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressPostalZipCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressPostalZipCode",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Postal Zip Code",
        "documentation": "Code for the postal or zip code"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressStateOrProvince": {
     "xbrltype": "stateOrProvinceItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressStateOrProvince",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, State or Province",
        "documentation": "Name of the state or province."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityBankruptcyProceedingsReportingCurrent": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityBankruptcyProceedingsReportingCurrent",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Bankruptcy Proceedings, Reporting Current",
        "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not. Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element."
       }
      }
     },
     "auth_ref": [
      "r6"
     ]
    },
    "dei_EntityCentralIndexKey": {
     "xbrltype": "centralIndexKeyItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityCentralIndexKey",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Central Index Key",
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityCommonStockSharesOutstanding",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Common Stock, Shares Outstanding",
        "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityCurrentReportingStatus": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityCurrentReportingStatus",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Current Reporting Status",
        "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityEmergingGrowthCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityEmergingGrowthCompany",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Emerging Growth Company",
        "documentation": "Indicate if registrant meets the emerging growth company criteria."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityExTransitionPeriod": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityExTransitionPeriod",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Elected Not To Use the Extended Transition Period",
        "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards."
       }
      }
     },
     "auth_ref": [
      "r19"
     ]
    },
    "dei_EntityFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityFileNumber",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity File Number",
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityFilerCategory": {
     "xbrltype": "filerCategoryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityFilerCategory",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Filer Category",
        "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityIncorporationStateCountryCode": {
     "xbrltype": "edgarStateCountryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityIncorporationStateCountryCode",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Incorporation, State or Country Code",
        "documentation": "Two-character EDGAR code representing the state or country of incorporation."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityInteractiveDataCurrent": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityInteractiveDataCurrent",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Interactive Data Current",
        "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files)."
       }
      }
     },
     "auth_ref": [
      "r16"
     ]
    },
    "dei_EntityPrimarySicNumber": {
     "xbrltype": "sicNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityPrimarySicNumber",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Primary SIC Number",
        "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "dei_EntityPublicFloat": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityPublicFloat",
     "crdr": "credit",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Public Float",
        "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityRegistrantName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityRegistrantName",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Registrant Name",
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityShellCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityShellCompany",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Shell Company",
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntitySmallBusiness": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntitySmallBusiness",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Small Business",
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC)."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityTaxIdentificationNumber": {
     "xbrltype": "employerIdItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityTaxIdentificationNumber",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Tax Identification Number",
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityVoluntaryFilers": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityVoluntaryFilers",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Voluntary Filers",
        "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityWellKnownSeasonedIssuer",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Well-known Seasoned Issuer",
        "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A."
       }
      }
     },
     "auth_ref": [
      "r17"
     ]
    },
    "dei_Extension": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "Extension",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Extension",
        "documentation": "Extension number for local phone number."
       }
      }
     },
     "auth_ref": []
    },
    "dei_LocalPhoneNumber": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "LocalPhoneNumber",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Local Phone Number",
        "documentation": "Local phone number for entity."
       }
      }
     },
     "auth_ref": []
    },
    "dei_NoTradingSymbolFlag": {
     "xbrltype": "trueItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "NoTradingSymbolFlag",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "No Trading Symbol Flag",
        "documentation": "Boolean flag that is true only for a security having no trading symbol."
       }
      }
     },
     "auth_ref": []
    },
    "dei_OtherReportingStandardItemNumber": {
     "xbrltype": "otherReportingStandardItemNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "OtherReportingStandardItemNumber",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Reporting Standard Item Number",
        "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "PreCommencementIssuerTenderOffer",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Pre-commencement Issuer Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r7"
     ]
    },
    "dei_PreCommencementTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "PreCommencementTenderOffer",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Pre-commencement Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r9"
     ]
    },
    "dei_Security12bTitle": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "Security12bTitle",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Title of 12(b) Security",
        "documentation": "Title of a 12(b) registered security."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_Security12gTitle": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "Security12gTitle",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Title of 12(g) Security",
        "documentation": "Title of a 12(g) registered security."
       }
      }
     },
     "auth_ref": [
      "r5"
     ]
    },
    "dei_SecurityExchangeName": {
     "xbrltype": "edgarExchangeCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "SecurityExchangeName",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Exchange Name",
        "documentation": "Name of the Exchange on which a security is registered."
       }
      }
     },
     "auth_ref": [
      "r4"
     ]
    },
    "dei_SecurityReportingObligation": {
     "xbrltype": "securityReportingObligationItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "SecurityReportingObligation",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Reporting Obligation",
        "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r10"
     ]
    },
    "dei_SolicitingMaterial": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "SolicitingMaterial",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Soliciting Material",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r8"
     ]
    },
    "dei_TradingSymbol": {
     "xbrltype": "tradingSymbolItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "TradingSymbol",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Trading Symbol",
        "documentation": "Trading symbol of an instrument as listed on an exchange."
       }
      }
     },
     "auth_ref": []
    },
    "dei_WrittenCommunications": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "WrittenCommunications",
     "presentation": [
      "http://mdc-partners.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Written Communications",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act."
       }
      }
     },
     "auth_ref": [
      "r18"
     ]
    }
   }
  }
 },
 "std_ref": {
  "r0": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12"
  },
  "r1": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b"
  },
  "r2": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r3": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-23"
  },
  "r4": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r5": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "g"
  },
  "r6": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12, 13, 15d"
  },
  "r7": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r8": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "14a",
   "Subsection": "12"
  },
  "r9": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r10": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "15",
   "Subsection": "d"
  },
  "r11": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 10-K",
   "Number": "249",
   "Section": "310"
  },
  "r12": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 10-Q",
   "Number": "240",
   "Section": "308",
   "Subsection": "a"
  },
  "r13": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 20-F",
   "Number": "249",
   "Section": "220",
   "Subsection": "f"
  },
  "r14": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 40-F",
   "Number": "249",
   "Section": "240",
   "Subsection": "f"
  },
  "r15": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Section": "13",
   "Subsection": "a-1"
  },
  "r16": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Regulation S-T",
   "Number": "232",
   "Section": "405"
  },
  "r17": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "405"
  },
  "r18": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "425"
  },
  "r19": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "7A",
   "Section": "B",
   "Subsection": "2"
  }
 }
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>14
<FILENAME>0001104659-25-060304-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001104659-25-060304-xbrl.zip
M4$L#!!0    ( !F(T5KGN!W;*P,  .X+   1    <W1G=RTR,#(U,#8Q,BYX
M<V2U5MMRFS 0?>],_T'E-0,R]B1-'#N97"893YRFM7-K7CH"9*()2%02QNG7
M5P*$+]BN[;8\B=4Y9W>UNX+.Z22.P!AS01CM6J[3L "F/@L(#;O6P] ^&U[T
M>A8X/?GX :BG\\FVP17!4= &E\RW>W3$CL$7%.,VN,84<R09/P:/*$JUA5V1
M"'-PP>(DPA*KC<)3&QPX#0_8]@:RCY@&C#\,>I7LJY2):$.899E#V1AEC+\)
MQV?Q9H)#B60J*K7&I%$^F]%OB? K\AXZV\\^3P;D.<3T,.VCUHO_A-#-M7<7
M_'H9[*'O;Q,9GS>]%WHS?@^3PV_G>$@H>X)>_##,^H7+CO!?<8R J@4574OG
M5Z:7M1S&0]AL-%SX?-L?YCBK +8G$:%OR^#NT=$1S'<-M(:<>#PRTBVHMSTD
M<*6L=LD:/*%"(NK/X0-9$6;!^[#8G(.2I="# DH,-, +.(%])V1CJ#84OKEO
M@*FP0X22"CQ"PLM%RXTYL."R#E3&19 MWQ,LED*+K3G"\/[ZJ<+&@6\GB$LU
M#WE?YLC&@=M4PQ7A&%-YQ7A\B4<HC50P/U,4D1'!@04DXB&6NM%$@GR\@:+I
M6$0I4XVMAJNT:%N2$-6YE4&9=*7;G$7X7J4 ]$)-UFHW&@ OF+H@+$""KE4L
M9P2-9(!'A)+<?3E-+K#U[*0Z7;7,F1VX"*XKI0('=_0D7R<<"T7/T^HK0\DO
M(>NY/HK\--J).HUO';.TF\.LG;(9J@$>@7P8V[IMNI8@^C:T2MLKQR-EDV%F
MFYK^4&D[JJT,1'M8,XQYC19/JG1L)!#W:RJURT*)L 1S251OS]P(1>A$:OK7
M&3= ^Q$6@/\P\PAYVV:N*#CZCRGWM7X]UPZ<GR[UOCB!'94NXQ+0VCBONU&+
M;T&?^;G4&HI^LPW/UB;;;=HMUYF(8!KI-D%,3V"[( QOAR!6W.O+_(M5<+W(
M6VA3IRN^#VN=+N5 '$EA+#N',/LU^8L8<IFM@I@K9R YU!):M&FK.K;<U>'\
MB9F_BYV:P&<IE?Q]FT:8I9B7W:HQ_0_8K! &7Q1!_QKLZG:'+J@[7]8"'5BH
MJ>5O4$L#!!0    ( !F(T5I(:SF<_0H  '^&   5    <W1G=RTR,#(U,#8Q
M,E]L86(N>&ULS9U=;^.X%8;O"_0_L.Y-"XSCQ,$ND.S,+C*>9&%L-DECSVS;
M1;&@)<810I,!)2?VOR\IB;)$\4A*BI*<BQF/^![JI?B8I+Z./_ZTVU#T0D2:
M</9I=')T/$*$13Q.V/K3Z.MB?+&8S><CE&:8Q9AR1CZ-&!_]]..?_X3DGX]_
M&8_154)H?(Z^\&@\9P_\!W2#-^0<_4P8$3CCX@?T#=.MVL*O$DH$FO'-,R49
MD07%CL_1]T?'*S0>#ZCV&V$Q%U_OYU6UCUGVG)Y/)J^OKT>,O^!7+I[2HXAO
MAE6XR'"V3:O:CG?'Y9\B_"--V-.Y^FN%4X+DX6+I^2Y-/HW4?LO=OIX><;&>
M3(^/3R;__/5Z$3V2#1XG3!VVB(QTE*K%%G=R=G8VR4NUM*7<K035^SB=:#M5
MS;(TZ=#7G*3)>9K;N^81SO)>[]T- A7J?V,M&ZM-XY/I^/3D:)?&(WWP\R,H
M."7WY 'ES3S/]L^2I#11((S*;8^"/-C-4"$F*G["R!IG)%8[.E,[.OE>[>BO
MY>9KO")TA)12\@&VZZQ15QDT<6WVCHB$QY?L?:[-:$_VY7='9/]# ^KQSINP
MY!FF[S)?CW1N^X:\[X@?XMP?:3G,D_<=Z5KD_\5VUK;\YL-K/ZY4;;R6GQH6
MR2Z3$QB)M4E51<<(G.\AGQC*NJO:>=2HEZK1G(MVV]7,F->9DNAHS5\F,4ED
MW=/OU(>Q^I W6_[GCQF7"X&+59H)'&6ZIKP9GT:6\HEI22DOA/:%1=33N%(Q
MB;B<FIZS,2T.8Q'^(/C&NMNRU=Q2^ ==5?'%89&[ (PV9(*D?"LB\J9>J;N%
MCE+I:$.E0JVH"!M_78Q^S#7H=ZWZS\?)H18''2V70-L-8=E2UFAI0;/853?;
M3.E>KI<%T<D60V8?:PE2&L<=?"%W'*N=7U&\MM@WREUUL=66[N-&81"=;'-D
M]G*E04KDJYN_D#02R;-:SG>UHR%SWND6DZV^KVG"0J!M#":AIO4TL-^3=:*F
M%F5!G=\2M;%C& /TKH?^3MOF7& 5!P'-$(?@;%$/0E64)XXN&-MB>D^>N>C"
MIRES38W-I E+71,4(Q9C(!J%%A5B3T3\8RO/V(F@^UXH6DK77 !6330,65!T
MV+V!@%1ROXPL!69IH@:P7DC:4N>G&X#9UJF'H0N*$\ <?$I2Z?V2LG@DE*K;
M 9CU#R@VL6M:8,,F+VUE4,2 ]D!F\@A4AH2#S>6+6IW+9=+ QM;T/N%IV>[B
MIQ('BY#I<"!%>1A2<9Y(JMV&Z&&HI71-#V#5Y,:0!46,W1O(2B%'N=X_))<L
M'H1(I?,#B&'3CD<I"A".IK,^-*3:)QA721IA6GBYDMO2CN99M*X! >V:D+2$
M08$"N0-A*0(T,WF(5V#^1; 8ADM-Z0>6EE4[*I4L0%!,;WV8*+T72&9;(1JN
MX1D'ECJ[*=MCMKH_"^B" *7'7.NN;2%O@.)I!KID69+MU>-T-]O-B@A+X]H2
M5VQ YC039GD0+ "F3 8*&5(Z5 B]]+R^2\ R]1 CV!Q3YI8 N\DF!4U-0"18
MC0$T'+3Y,Z5>B)C)D4E@.F<QV?U"]F"[6CJW3  VFU 8HH"HL#L#L"C%*%<C
M*?<"QIU(-ECL%TG4,U6TA6[1@(PVV3!5 <$!6 /H*-5H,9_YG$F6>#>/):C)
M0U(\#]Y#":AW"TN/[28S@#@@=+H= @3)(-2,\@G2G$5<///:XPXSOI4#X'[&
M8WB%TA/E%JI!36BBU1D2$&!#? *8-4(_%,^D(*Y>X\DK0*H&+\1=Q+$\4&GY
MSW7"R G8?JO6+5T==IM,680!D02[ _@IE1_T!Z1BT"T+!9KI&YHZ]0_-="@T
MTZ"AF;X'FN4K#P2:TS<T]=0_-*=#H3D-&IK3=T$C.][K6#.3'V_%DK_:'LX&
ME5Z0:5NU G.0A8=+RUL?+"I K6=4B$],\H75K;@3_"5A$;QDAN1>@ %,6ZDQ
MM.&A8S?8QT^U(-9Q7L>:8E'>^R71,C^C3-.D?8@I-.%!TC36.[@4:I](W/$T
MP_3?R7/GB;A=[ 4/JV$K) UE>*C8[/4!4\0@&>3CQ+K$5=W0L+Y*9I2[>P78
M8NOP"G"M, @(;([:KP 75T\*D>MN5HP*@H$1H5GLK),MIJH^KI6%T<5M0ZT>
MSK_74N/CBZRRN]"[1\[@!P3:$E<]#9G3O6V6!]'C@"FSUW,9RG6>KL:K#!.I
M??BNE3F;V4T[U42N"X+H7=--:YK6Y8Y[\S>19'+/,[[9;%EYE\?VW""@<]7+
MG39UCUM%0?1^ES.3A%*+FF+'6"PX3:(D2]CZ5WGR*1)L:Y5-Y H(V*"FH:T(
M @70ELG!08BTTC$$=X(H"(GLB/PE0)582-P^/%AG^RZQ*RCZ#6LX8&40D/3:
M,V&1 >.H%H&*$)3'^,5FGJ9;(MX$CR7$$T*@>0"DECY$G""3O5 5@3[96I!H
M*^?'_<ETM4PR:CNY;$N<S4F N6I&,LJ#8 ,P9;*0ER'^@$ZF?UO]'>DHQ]U_
MPY<"J]RQB_UFQ2F0?<JJ<@5!AT7-@442! JP+Y.&&XY**2JT/K)3-<Q:FF.4
MNP+ :DMW?:,PB$ZW.6I]^1M][6G(O]Q%C](4 5Y(L,M<#_TVD^;P7]<$@4"'
ML=9)22E%6NOCA83#E+7N7P2LO2T"UCV+@'6(BX#UT$7 VMLB0.^V2!$BQZ7;
M%4W6&$A.V*EV#46'99,/BS0H5&!_X)A1A:!#C.N,EGF*,Y6>7VSR_5_)#Y96
M CIG.2V[;%9)+6VB(!CI<M9*:UDDG:N)D5*[YF(;)QF)"S-7"<,L2C"MTB/:
MKHCWASBC9:#Y"IP>?1@,#3/9PJD(T[D,J\!#JDO7E]*+!S!^(Y3^PO@K6Q"<
M<D;BXEJ*[4Y1M][M$S,]MIL/S0#B(' :XA!X=$8%C9]4%-)AY94P+R1]XW3+
M,BSR=\F%;60"=&[) 6PVB3%$ 9%B=P804HE1H?;S@G:1/:):9!6_.P0V$)([
M?EV[T[3QUK95&Q SG0:A=[C+G!^'M7$1Y>D5RXRHWXM(7L@7G.'2&]A>2.[Z
MI<HNT^;;E#9M0 AU&@3?GZQB5*H8K)GREC)&S.12:\T[GA(W5.X3Q[0LMG/'
M5)* \+#YZL@@(Y#6>F%AL<&4?MZF"2,I/!$9*K<L6"TV66A( F+!Y@M@(9<B
MK?7"PN6&B+6<WGX6_#5[+/.S@FT#U&[9Z+3<9,0J#8B5+G\ ,SH$%3$ZI:X?
M>':'A.)%ED6XI1:I8VQ LP8S+5U(P$#F6K10$JGK+3<\0TN.OJ8$98\$798_
M0U?/!%_4X^N71J)(O1!1K,I9C(4-H2ZQ\U\= 0VW?GNDI0P"I%Y[\.^05!%(
MASBFYE8R+.KG<;F)>48VX-L._2&N"!IJ7G/4IP^"IH$F3:;RL.;)=1Z(5*3/
M;$;UY/;P$J\A<KPRMA@T%L8U11",@+:@97']MP+\Y,[;KF@275&.X:LL#8WC
MC'EM>T:RO(,@( +:KJ 4>;D0Y4HO_?\9LR>Q?<ZB_9W@$2'J*:NT&JWZKK\-
MC';+S)N:U*1I4&A G+W%+T#@H0I4J^-#;<;R>3%//32NLKGQZ&GQB.4!O-UF
MJ9I!I3'X*GAGD./;"P,:8-QDZ(@("+T!-J$;#GDDRD,_H"(8U:(]G9^EARR
M)/Z\OR</1*CW#I9DEWV6.WKJ.,,8$.OZ[&UP<\R3N=[ ("!\JUOH5"]%]0K0
M2CTC5E:!?E>5H+P6V^^7US==RT]RL]XD_UKAE,@M_P502P,$%     @ &8C1
M6LTER;=9!P  W%<  !4   !S=&=W+3(P,C4P-C$R7W!R92YX;6S-G$USVS80
MAN^=Z7]@U;,D2V[3VK&;L14KHXD3NY:3M+UD(!*2, 8!#0!:TK\O0(J*/@AP
M?>':!UNF%L"^SX(@EP!X\6Z5\NB9*LVDN&SU.B>MB(I8)DS,+EM?QNVK\6 T
M:D7:$)$0+@6]; G9>O?7SS]%]N?BEW8[&C+*D_/HO8S;(S&5;Z//)*7GT0<J
MJ")&JK?15\(S=T0.&:<J&LATP:FA]HNBX?/H3>=D$K7;@&J_4I%(]>5AM*UV
M;LQ"GW>[R^6R(^0S64KUI#NQ3&$5C@TQF=[6=K(ZV?P4Q2\X$T_G[M>$:!I9
M7$*?KS2[;+EV-\TN3SM2S;K]DY->]Y]/M^-X3E/29L)ABVFK+.5JJ2K7.SL[
MZ^;?EJ9'EJN)XF4;I]W2G6W-]EL6L-_Q1+-SG;MW*V-B\JC7-A-Y+=Q_[=*L
M[0ZU>_WV::^STDFKA)\35)+3!SJ-W%\;O6VK:1*W%T09VUGRH'6=07<@;9^T
MWN9%YXI.+UO:S):VA?[O)V]Z?5?_KWM&9KVP?5,SU[5:47>O[86BF@J3R[VU
M!_:*T)6Q78HF946N_9=X9YAQ!3:=IA>U70_+4MN>_5A8;IPIW>$RWO. NTC(
M [EEK\YY:QIW9O*YFU#6=0C<AYQ%SL'^\SUOZ&JBC2*Q*6OB9$)Y7O]W:W-@
MTFW JY+$HZVQVJE]BT.?=@-WI>)(JH0JR[JLBZAX+US''71CT;5!M!6UXSGC
MVTA/E4Q]=#8DI,?175"VB69H7MGV$^?#D)-9-<X#$R#/'@;02C581-]3'2NV
M<%QJP.Y9 OGV4?E6:&L8<WGN/- 9<_XZ5]QEE[J#X7'!4P0(_A1SI BJ18K
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MSKP^*F\SR>C#(DU-.K290W;\SU0#CX5RA]![:$R8>$WU3\78O(:HS&F(AO"
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MB?-(\HECTC5,7#$&A^7C4$NG>LRQ"3<&(]/1+&J/N#DA'((*WIV(GEX'NPV
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M>565]]RF,:^I>*CL?7*[:+T'6"1XB"$9ZE/QW4*WL20 !QXJNWL<* Q %.5
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MRI*3V8@+V-=1-VO=R!%QHY/[S;AK*$/Y3=$*R-+K>O3_/.%ZO4D+7WJRYB'
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M@?]#.]EYR:KF#&Z,Q),-[#1J@)+L$3X+%Y.T%Z="%J@,^'X.>CXB._Y^\.E
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M?PN5Q/IUA+#PN$O)A'VCY-^PF]XU#7HFLFET+N UMK6:B[.R4R+8'?PWIR)
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MCT>ZFKY?F>5Q7$J3SJ Z[%N$51;'B677'IY*73L2/$A8@. ,Z6G%!LA4?.]
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M 40]P%RK@",I0H5W)8<B E*SF(!^I-:!F2TD\Z\%)8J1U(4'"#7-E<$&I!L
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4!08     !0 % $D!   %<@     !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>15
<FILENAME>tm2518230d1_8k_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2025"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="stgw-20250612.xsd" xlink:type="simple"/>
    <context id="AsOf2025-06-12">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000876883</identifier>
        </entity>
        <period>
            <startDate>2025-06-12</startDate>
            <endDate>2025-06-12</endDate>
        </period>
    </context>
    <unit id="USD">
        <measure>iso4217:USD</measure>
    </unit>
    <unit id="Shares">
        <measure>shares</measure>
    </unit>
    <unit id="USDPShares">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>shares</measure>
            </unitDenominator>
        </divide>
    </unit>
    <dei:AmendmentFlag contextRef="AsOf2025-06-12" id="Fact000003">false</dei:AmendmentFlag>
    <dei:EntityCentralIndexKey contextRef="AsOf2025-06-12" id="Fact000004">0000876883</dei:EntityCentralIndexKey>
    <dei:DocumentType contextRef="AsOf2025-06-12" id="Fact000009">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="AsOf2025-06-12" id="Fact000010">2025-06-12</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="AsOf2025-06-12" id="Fact000011">STAGWELL INC.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="AsOf2025-06-12" id="Fact000012">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="AsOf2025-06-12" id="Fact000013">001-13718</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="AsOf2025-06-12" id="Fact000014">86-1390679</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="AsOf2025-06-12" id="Fact000015">One World Trade Center</dei:EntityAddressAddressLine1>
    <dei:EntityAddressAddressLine2 contextRef="AsOf2025-06-12" id="Fact000016">Floor 65</dei:EntityAddressAddressLine2>
    <dei:EntityAddressCityOrTown contextRef="AsOf2025-06-12" id="Fact000017">New York</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="AsOf2025-06-12" id="Fact000018">NY</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="AsOf2025-06-12" id="Fact000019">10007</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="AsOf2025-06-12" id="Fact000020">646</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="AsOf2025-06-12" id="Fact000021">429-1800</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="AsOf2025-06-12" id="Fact000022">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="AsOf2025-06-12" id="Fact000023">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="AsOf2025-06-12" id="Fact000024">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="AsOf2025-06-12" id="Fact000025">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="AsOf2025-06-12" id="Fact000026">Class     A Common Stock, $0.001 par value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="AsOf2025-06-12" id="Fact000027">STGW</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="AsOf2025-06-12" id="Fact000028">NASDAQ</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="AsOf2025-06-12" id="Fact000029">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
