MARTIN PATRICK 4

What Happened

• Martin Patrick, SVP / Controller / CAO of OUTFRONT Media (OUT), had a series of equity events on Feb 20, 2026: he converted/exercised derivatives and received awards (restricted share units). The filing shows 9,265 shares acquired from exercise/conversion events and 7,914 shares acquired from grants/awards, for a total of 17,179 shares acquired (all reported at $0.00 per share). To satisfy tax withholding, 3,889 shares were disposed at the closing NYSE price of $26.16 on Feb 20, 2026, generating a withheld amount of $101,736. The remaining shares were issued/retained after settlement.

Key Details

• Transaction date: February 20, 2026; Form filed February 24, 2026 (filed within required period).
• Prices and value: awards/exercises reported at $0.00 per share (standard for awarded/settled RSUs); tax withholding sale of 3,889 shares at $26.16 each = $101,736 (closing price per footnote).
• Shares involved: 9,265 shares from exercise/conversion entries; 7,914 shares from grants/awards; 3,889 shares withheld/disposed for taxes.
• Shares owned after transaction: not reported in the supplied filing details.
• Notable footnotes: RSUs are settled by delivery of common stock at vesting (F1); some include dividend equivalents converted to shares (F2); certain performance-based RSUs had performance targets certified as achieved (F5); vesting schedules vary (some vesting beginning 2024–2027 per F4–F8).
• Transaction codes: A = award/grant; M = exercise/conversion of derivative; F = shares withheld to satisfy tax liability.

Context

• This appears to be routine equity compensation settlement: a mix of vested/settled restricted share units (including performance-certified units) and the standard withholding of shares to cover taxes. The F-code disposition (3,889 shares) is a tax withholding—not a market sale for investment purposes—and is common when RSUs are settled. No late filing flags are indicated.