Tolson Susan 4

What Happened
Susan Tolson, a director of OUTFRONT Media Inc. (OUT), had multiple equity transactions reported for 2026-06-03. The filing shows an exercise/conversion of 8,636 derivative shares (reported as acquired at $0) and a simultaneous disposition of 8,636 derivative shares (reported at $0). In addition, Tolson was credited with two awards: 331 shares (acquired at $0) and 5,918 restricted share units (derivative, acquired at $0). The filing reports no cash paid or received for these items (all $0). Netting the exercise/disposition leaves a net increase of 6,249 shares (331 + 5,918) attributable to awards/settlement.

Key Details

• Transaction date: June 3, 2026; Form 4 filed June 4, 2026 (timely).
• Reported prices/consideration: $0 for all reported acquisitions and dispositions.
• Shares reported: +8,636 (exercise/conversion, acquired) ; -8,636 (exercise/conversion, disposed) ; +331 (award) ; +5,918 (award/RSU). Net new shares = 6,249.
• Footnotes of note:
  • RSUs settle into common stock upon vesting (F1).
  • Some awards include dividend equivalents settled into shares at vesting (F2).
  • Certain RSUs vest in full on June 3, 2027 (F3); others vest in full on June 3, 2026 (F4).
• Shares owned after the transactions were not provided in the data supplied.

Context

• The filing combines a derivative conversion/exercise with an equal disposal of those derivative shares at $0; filings like this typically reflect net settlement mechanics (no cash shown), but the Form 4 shows the exercise and the disposition as separate line items.
• The meaningful takeaway for investors: Tolson received RSU-related shares (6,249 net) rather than an outright market purchase or sale. Awards/vests are routine compensation and do not by themselves signal a buy/sell decision by the insider.