Sauer Richard H. 4

What Happened Richard H. Sauer, EVP and General Counsel of OUTFRONT Media (OUT), sold a total of 10,000 OUT shares in open‑market transactions on June 23–24, 2026, for aggregate proceeds of approximately $318,121. The sales consisted of 3,720 shares at a weighted average price of $31.36 (≈ $116,659), 1,280 shares at a weighted average price of $32.08 (≈ $41,062), and 5,000 shares at a weighted average price of $32.08 (≈ $160,400). These transactions are reported as sales (code S).

Key Details

• Transaction dates: June 23, 2026 (two tranches: 3,720 and 1,280 shares) and June 24, 2026 (5,000 shares).
• Reported weighted average prices and ranges:
  • 3,720 shares at $31.36 (prices ranged $31.02–$31.98) — footnote F2.
  • 1,280 shares at $32.08 (prices ranged $32.02–$32.16) — footnote F3.
  • 5,000 shares at $32.08 (prices ranged $31.90–$32.30) — footnote F4.
• Sales effected pursuant to a Rule 10b5-1 trading plan adopted March 13, 2026 (footnote F1). The filing notes the reporting person will provide a per‑price breakdown on request.
• Filing: Form 4 filed June 25, 2026 for report period June 23, 2026 — appears timely (not marked late).
• Shares owned after transaction: not provided in the summary data here; see the Form 4 for post‑transaction beneficial ownership details.

Context

• These were prearranged open‑market sales under a 10b5‑1 plan, which typically means the trades were scheduled in advance and are not necessarily a commentary on the insider’s view of the company.
• For retail investors, purchases by insiders can be stronger signals than routine sales; these reported transactions are sales only and should be interpreted accordingly.