Carleton Mark D 4

What Happened

• Mark D. Carleton, a director of OUTFRONT Media Inc. (OUT), had derivative awards convert and received vested restricted share units on June 11, 2026. The filing shows an exercise/conversion of derivative instruments for 8,663 shares and an award/settlement of 339 restricted share units, all reported at $0.00 (no cash consideration reported). The Form 4 also lists a corresponding disposition entry for 8,663 shares tied to the derivative conversion.

Key Details

• Transaction date: June 11, 2026; Form 4 filed June 12, 2026 (appears timely).
• Reported transactions:
  • Exercise/conversion of derivative (M): 8,663 shares acquired at $0.00.
  • Grant/award (A): 339 shares acquired at $0.00 (RSUs settled into shares).
  • Exercise/conversion (M) disposition: 8,663 shares disposed at $0.00 (derivative-related entry).
• Consideration: All entries reported at $0.00; no cash value shown on the reported transactions.
• Shares owned after the transaction: not specified in the provided excerpt.
• Notable footnotes:
  • F1: RSUs are settled by delivery of common stock upon vesting.
  • F2: Includes shares from settlement of dividend equivalents into common stock.
  • F3: The RSUs vest in full on June 11, 2026.

Context

• The $0.00 price and the mix of derivative conversion and RSU settlement indicate these were award/vesting-related transactions (compensation/award settlement) rather than open-market purchases or cash sales. Such filings often reflect routine compensation actions rather than a director buying or liquidating stock in the market. The filing does not indicate a 10% owner or a 10b5-1 plan.