OUTFRONT Director Michael G. Barrett Exercises Options, Receives RSUs

What Happened

• Michael G. Barrett, a director of OUTFRONT Media Inc. (OUT), had multiple transactions reported for 2026-09-18. The filing shows an exercise/conversion of a derivative instrument for 6,047 shares (code M) with the exercise recorded as both an acquisition and a matching disposition of 6,047 shares (price reported $0.00; total $0). Separately, 265 restricted stock units (RSUs) were granted/settled (code A) and delivered as common shares (price $0.00; total $0).

Key Details

• Transaction date(s): September 18, 2026; Form 4 filed September 21, 2026 (appears timely).
• Exercises/conversions: 6,047 shares acquired (M) and 6,047 shares disposed (M); price reported $0.00, total $0.
• Award/settlement: 265 RSUs acquired (A); price reported $0.00, total $0.
• Footnotes: RSUs are settled by delivery of shares on vesting (F1); include dividend equivalents converted into shares (F2); these RSUs vest in full on September 18, 2026 (F3).
• Shares owned after the transactions: not specified in the supplied filing.

Context

• Code meanings: M = exercise or conversion of a derivative (e.g., option or RSU conversion); A = award/grant/settlement. The filing shows both an acquisition and a matching disposition of 6,047 derivative shares on the same date — this can reflect net settlement or an immediate disposition tied to the conversion, but the filing itself only records the acquisition and disposal, not the reason.
• RSU settlement: the 265 RSUs vested in full on Sept 18, 2026 and were settled into shares, including any dividend-equivalent share conversions per the footnotes.
• Interpretation: these entries are routine insider vesting and conversion activity. They do not, by themselves, indicate the director’s market view; they document statutory reporting of equity compensation events.