Sauer Richard H. 4

What Happened
Richard H. Sauer, EVP and General Counsel of OUTFRONT Media Inc. (OUT), sold a total of 15,000 shares in three open-market transactions on 2026-06-15, 2026-06-16 and 2026-06-17. Each day he sold 5,000 shares at weighted-average prices reported as $31.35 (6/15), $31.08 (6/16) and $31.36 (6/17), for total gross proceeds of approximately $468,950. These were sales (not purchases) executed under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction dates and weighted-average prices:
  • 2026-06-15: 5,000 shares at $31.35 (range reported: $31.04–$31.54) — proceeds ≈ $156,750. (Footnote F2)
  • 2026-06-16: 5,000 shares at $31.08 (range reported: $30.64–$31.39) — proceeds ≈ $155,400. (Footnote F3)
  • 2026-06-17: 5,000 shares at $31.36 (range reported: $31.04–$31.75) — proceeds ≈ $156,800. (Footnote F4)
• Total shares sold: 15,000; total proceeds: ≈ $468,950.
• The sales were effected pursuant to a Rule 10b5-1 trading plan adopted March 13, 2026 (Footnote F1), indicating these were preplanned transactions.
• The filing was posted on 2026-06-17 and covers trades through 6/17; no late filing is indicated in the provided information.
• Shares owned after the transactions are not specified in the excerpt provided (see full Form 4 for post-transaction holdings).

Context

• Sales executed under a 10b5-1 plan are typically pre-arranged and do not, by themselves, indicate a change in the insider’s view of the company. Retail investors often focus more on purchases as stronger signals, while routine sales by executives are common for diversification or liquidity.
• The filing notes that reported prices are weighted averages and provides price ranges; the reporting person will supply per-trade price details upon request to the company, shareholders, or the SEC staff.

If you want, I can fetch the full Form 4 to confirm post-transaction holdings or pull recent OUTFRONT insider activity for comparison.