[144] OUTFRONT Media Inc. SEC Filing
Rhea-AI Filing Summary
Form 144 filed for OUTFRONT Media, Inc. (OUT) reports a proposed sale of 25,556 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $478,024.98 and an approximate sale date of 09/16/2025. The filing lists prior acquisitions of the same class: purchases via Employee Stock Purchase Plans on 03/28/2017 (7,374 shares), 02/20/2022 (8,363 shares), 02/22/2020 (8,818 shares) and restricted stock vesting on 03/28/2015 (1,001 shares), with consideration noted as compensation. The filer certifies no knowledge of undisclosed material adverse information and indicates no securities sold in the past three months.
Positive
- The filing discloses prior acquisitions were through Employee Stock Purchase Plans and restricted stock vesting, indicating shares were earned as compensation.
- The filer reports no securities sold in the past three months, suggesting this is an isolated planned sale rather than frequent disposals.
Negative
- The filer proposes to sell 25,556 shares with an aggregate market value of $478,024.98, which is a realized reduction in insider-held shares.
- A public sale by an insider can be interpreted by some market participants as a negative signal, though the filing itself provides no explanation beyond compliance statements.
Insights
Routine insider notice: modest-sized proposed sale, no recent sales reported, acquisitions were compensation-related.
The Form 144 documents a proposed single-block sale of 25,556 common shares valued at $478,024.98 to be executed through Morgan Stanley Smith Barney on the NYSE on 09/16/2025. The acquisition history shows the shares were obtained through employee stock purchase plans and vesting under a registered plan, with payment characterized as compensation. The filing contains the standard representation that the filer is not aware of undisclosed material adverse information. This is a regulatory disclosure of a planned sale rather than an operational or financial event for the issuer.
Non-material governance signal: insider selling disclosed; compliance language present; no red flags in filing.
The notice follows Rule 144 mechanics: it identifies broker, share count, market value, and acquisition history, and includes the required attestation about material information. The acquisition entries indicate shares arose from employee compensation plans, which is common for insiders. The absence of sales in the prior three months reduces concerns about a pattern of rapid divestiture. The document does not disclose any governance issues, transactions with related parties, or exceptions to routine compliance.