OUTFRONT (OUT) Director Nicolle Pangis Receives Shares via RSU Vesting

What Happened

• Director Nicolle Deanna Pangis had restricted/share-derived awards settle on Sept 18, 2026, resulting in a net delivery of 6,312 shares of OUTFRONT (6,047 from a derivative conversion and 265 as an award). All shares were reported at $0.00, meaning no cash purchase was made.
• The filing shows an “acquired” line for 6,047 shares via exercise/conversion of a derivative and a matching “disposed” derivative line for 6,047 — this reflects conversion/settlement of the derivative instrument into common shares, not a market sale.

Key Details

• Transaction date(s): September 18, 2026; Form 4 filed September 21, 2026 (timely).
• Shares involved: 6,047 shares from derivative conversion; 265 shares from grant/award; total 6,312 shares delivered.
• Prices: $0.00 per share reported (no cash paid on settlement).
• Shares owned after transaction: not specified in the provided filing details.
• Relevant footnotes from the filing:
  • F1: RSUs are settled by delivery of corresponding shares upon vesting.
  • F2: Includes dividend equivalents settled into shares at vesting.
  • F3: These RSUs vest in full on September 18, 2026.
• Filing timeliness: Filed on 9/21 for 9/18 transactions — appears timely (within the Form 4 reporting window).

Context

• This was a settlement/vesting event (award conversion), not an open-market buy or sale. Such deliveries are routine compensation/vesting activity for insiders and do not by themselves indicate a change in insider sentiment.
• The derivative “disposed” entry is a bookkeeping result of converting the derivative/RSU into common shares (i.e., the derivative ceased to exist upon settlement), not a cash sale of shares.