EVP and Chief Revenue Officer Punter Clive A. converted options into 71,839 shares, was granted 8,596 shares and covered exercise/tax liability with 44,469 shares, increasing direct ownership by 18% to 239,547 units (SEC Form 4)
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Real Estate Investment Trusts
Real Estate
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
OUTFRONT Media Inc. [ OUT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/20/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 02/20/2025 | M | 35,489 | A | $0(1) | 239,070(2) | D | |||
| Common Stock | 02/20/2025 | M | 17,984 | A | $0(1) | 257,054 | D | |||
| Common Stock | 02/20/2025 | M | 18,366 | A | $0(1) | 275,420 | D | |||
| Common Stock | 02/20/2025 | A(3) | 8,596 | A | $0(3) | 284,016 | D | |||
| Common Stock | 02/20/2025 | F | 44,469 | D | $18.33(4) | 239,547 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Share Units | (1) | 02/20/2025 | A(5) | 64,633 | 02/20/2025(6) | (6) | Common Stock | 64,633 | $0 | 106,467 | D | ||||
| Restricted Share Units | (1) | 02/20/2025 | M | 35,489 | 02/20/2025(6) | (6) | Common Stock | 35,489 | $0 | 70,978 | D | ||||
| Restricted Share Units | (1) | 02/20/2025 | M | 17,984 | 02/20/2024(7) | (7) | Common Stock | 17,984 | $0 | 17,984 | D | ||||
| Restricted Share Units | (1) | 02/20/2025 | M | 18,366 | 02/20/2023(8) | (8) | Common Stock | 18,366 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. These restricted share units are settled by delivery of a corresponding number of shares of common stock of OUTFRONT Media Inc. (the "Company") upon vesting. |
| 2. Total shares of the Company's common stock reflect the impact of the common stock portion of the Company's special dividend paid on December 31, 2024, and the reverse stock split on the Company's common stock effectuated on January 17, 2025. |
| 3. Includes shares acquired due to settlement of dividend equivalents into shares of the Company's common stock at vesting. |
| 4. On February 20, 2025, the closing price of the Company's common stock on the New York Stock Exchange was $18.33. |
| 5. On February 20, 2025, the performance targets associated with these restricted share units were certified as having been achieved. |
| 6. These restricted share units vest in three equal annual installments beginning on February 20, 2025. |
| 7. These restricted share units vest in three equal annual installments beginning on February 20, 2024. |
| 8. These restricted share units vest in three equal annual installments beginning on February 20, 2023. |
| Remarks: |
| /s/ Louis J. Capocasale, Attorney-in-fact for Clive A. Punter | 02/24/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||