Bonanni Mark Emilio 4

What Happened
Mark Emilio Bonanni, EVP & Chief Revenue Officer at OUTFRONT Media, had multiple restricted share units/performance units and other derivative awards convert or vest on Feb 20, 2026. The filing shows a total of about 29,265 shares were acquired through conversions/settlements and awards. To cover tax withholding, 4,046 shares were disposed (sold) at the NYSE closing price of $26.16 on Feb 20, 2026, generating $105,843. Several of the reported derivative conversions are recorded as cancellations/dispositions at $0, which reflect the settlement/conversion mechanics rather than open‑market sales.

Key Details

• Transaction date: February 20, 2026 (Form 4 filed Feb 24, 2026). Note: Form 4s are typically due within 2 business days; this filing was 4 days after the transactions.
• Shares acquired (vested/converted/awarded): total ≈ 29,265 shares (3,598 + 4,311 + 1,992 + 794 + 12,614 + 5,956).
• Shares withheld/sold for tax withholding: 4,046 shares at $26.16 = $105,843. (Footnote: $26.16 was the NYSE close on 2/20/2026.)
• Some entries show derivative cancellations/dispositions (3,598; 4,311; 1,992 at $0) reflecting conversion/settlement of derivative awards rather than market sales.
• Performance-related units: certain performance RSUs were certified as achieved on Feb 20, 2026 (footnote), triggering settlement.
• Vesting schedules: awards have staggered vesting (three equal annual installments beginning in 2024, 2025, 2026 or 2027, per footnotes).
• Shares owned after the transactions: not specified in the provided filing summary.

Context
These transactions are primarily award settlements (A) and conversions of derivative awards (M) into common stock, with a routine withholding sale (F) to satisfy tax obligations. For retail investors, awards settling into shares are administrative/compensation events; the withheld/sold shares to cover taxes are common and do not necessarily signal a deliberate open‑market sale for investment reasons.